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San Gonzalo

Project Stages

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Early Works
In Construction
Operation
Current Stage In production
Project Details

Description

The project San Gonzalo is property of the mexican Compañía Minera Mexicana de Avino S.A. de C.V., a subsidiary of the canadian Avino Silver & Gold Mines Ltd. It consist in the opening of a underground mine in the mining district of Avino, which has been operated continously since the fifteenth century. It constitutes a strongly developed vein system over 25 m across, trending 300 to 325 degrees, dip 80 NE to 77 SW. The original underground workings extend over an area approximately 150 m along strike and 136 m in depth. The San Gonzalo Mine estimate, which has an effective date of June 10 2013, was based on data from surface diamond drill programs between 2007 and 2011 (64 holes and 14,624 metres of drilling) and underground development sampling data from levels 1, 2, 3 and 4. The base case scenario used in the estimation assumes a silver price of $US20 which translates into a cut-off grade of 150 g/t silver equivalent at San Gonzalo. The current silver price analysis using US$24.50 per ounce establishes a cut-off grade of 120 g/t for silver equivalent.

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

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Key Specs

Full Name
San Gonzalo
Project Type
Gold, Silver, Underground mining
Development Phase
In production
Project Status
Active
Project Capacity
 Gold
 Silver
 Underground mining
Completion Date
2018
Lifespan
11
Location

The project is located inside the Ejido de Panuco at Coronado, in the municipality of Panuco de Coronado, in Mexico's Durango state.

* The map coordinates provided represent the approximate latitude and longitude, and not the exact location, of the project in question. 


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Owner / operator
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Project Manager
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General Manager
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COO
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