Fresnillo Exploration Day 9 October 2013

Fresnillo Exploration Day 9 October 2013

Advancing our strategy in precious metals
Exploration Day
October, 2013
Octavio M. Alvídrez, CEO
David A. Giles, VP of Exploration
LSE: FRES BMV:FRES
www.fresnilloplc.com
2
October 2013
Disclaimer
This document includes statements that are, or may be deemed to be, “forward-looking statements”. These
forward-looking statements can be identified by the use of forward-looking terminology, including the terms
“believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “may”, “will”, or “should” or, in
each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. These forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this document and include, but are not limited to,
statements regarding the Fresnillo Group’s intentions, beliefs or current expectations concerning, among other
things, the Fresnillo Group’s results of operations, financial position, liquidity, prospects, growth, strategies and
the silver and gold industries.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and
circumstances. Forward-looking statements are not guarantees of future performance and the actual results of
the Fresnillo Group’s operations, financial position and liquidity, and the development of the markets and the
industry in which the Fresnillo Group operates, may differ materially from those described in, or suggested by,
the forward-looking statements contained in this document. In addition, even if the results of operations,
financial position and liquidity, and the development of the markets and the industry in which the Fresnillo Group
operates are consistent with the forward-looking statements contained in this document, those results or
developments may not be indicative of results or developments in subsequent periods. A number of factors could
cause results and developments to differ materially from those expressed or implied by the forward-looking
statements including, without limitation, general economic and business conditions, industry trends, competition,
commodity prices, changes in regulation, currency fluctuations (including the US dollar and Mexican Peso
exchange rates), the Fresnillo Group’s ability to recover its reserves or develop new reserves, including its ability
to convert its resources into reserves and its mineral potential into resources or reserves, changes in its business
strategy, political and economic uncertainty.
Forward-looking statements may, and often do, differ materially from actual results. Any forward-looking
statements in this document speak only as of the date of this document, reflect the Fresnillo Group’s current view
with respect to future events and are subject to risks relating to future events and other risks, uncertainties and
assumptions relating to the Fresnillo Group’s operations, results of operations, growth strategy and liquidity.
Investors should specifically consider the factors identified in this document which could cause actual results to
differ before making an investment decision. Subject to the requirements of the Prospectus Rules, the Disclosure
and Transparency Rules and the Listing Rules or applicable law, the Fresnillo Group explicitly disclaims any
obligation or undertaking publicly to release the result of any revisions to any forward-looking statements in this
document that may occur due to any change in the Company’s expectations or to reflect events or circumstances
after the date of this document.
3
3
Agenda
Refreshments
Our exploration strategy – An Introduction
9:00-9:15
Octavio Alvídrez, CEO
A video guide to Fresnillo’s top exploration projects
9:15-9:45
Octavio Alvídrez, CEO and David Giles, VP of Exploration
Exploration presentation
9:45-10:30
David Giles, VP of Exploration
Question and Answer session
10:30-11:00
4
October 2013
Exploration Strategy
Where we explore:
• In countries which have mineral endowment, cultural affinity and stability
Mexico
Chile
Peru
Colombia
• In mining districts where we have operations or projects under construction
Fresnillo District
Ciénega District
Herradura District
San Julián District
• In new districts where we have a competitive strength
Guanajuato District
Pilarica District (Peru)
Rodeo District (Mesa Central-Durango)
5
October 2013
Exploration Strategy (cont’d)
How we do it:
People
• Keep a strong and motivated exploration team
Assets
• Current operations:
• Maintain 10 years reserves
• New prospects:
• Minimum 100m oz silver and/or 2m oz gold potential
• Focus on high quality, low cost assets: metals grade, mine & metallurgical
recoveries, infrastructure, community relations, low environmental impact
Financial discipline
• Invest through cycles
• Acquistion of early stage assets
6
October 2013
Exploration Strategy (cont’d)
Systematic project generation
Mine Operations
Fresnillo
Saucito
Herradura
Soledad-Dipolos
Nochebuena
Ciénega - San Ramón
Development Projects
DynamicLeaching Saucito II
San Julián
Pyrites Plant
Advanced Exploration
Centauro Deep
Juanicipio
Cluster Cebollitas
Orisyvo
2018
Guachichil Fresnillo District Gran Centauro
Lucerito
Tajitos
Candameña Guanajuato
Prospects in drilling
San Nicolás Coneto Cebadillas
La Yesca
Cairo Tocayos Amata (Perú) Pilarica (Perú)
Sonora and Sinaloa : San Javier
Norias Nudo Carina
Bella Vista
Cerritos
Dorado
Rosario Dátil
Olivos
Chihuahua: S. Brígida Rosetillas SJPinal Bellavista C. Blanco
Early stage Exploration
Lucero Los Alisos
Durango: Rodeo Pereñita La Huerta El Carmen
Zacatecas: Urite Atotonilco Corredor Concha-Nieves Argentum Coyotes
Villa García
Plateros
Michoacán: Otzumatlán
Perú: Huacravilca Sto. Domingo
Beyond
2018
Systematic Project Generation
October 2013
7
Mining Districts
October 2013
8
Districts of the Future
October 2013
9
2012 Business Review
October 2013
10
Achieving 65moz silver by 2018
11
October 2013
Exploration Projects
Main projects’ location
HERRADURA DISTRICT
Centauro Deep
Soledad
Noche Buena
Tajitos
Orisyvo
Guazapares
SAN JULIAN DISTRICT
CIENEGA DISTRICT
San Ramon
Rodeo
Lucerito
Cienega Sur
Guachichil
Fresnillo mines
FRESNILLO DISTRICT
La Yesca
Cebadillas
GUANAJUATO DISTRICT
Lima
Pilarica
Santo Domingo
Exploration projects
October 2013
12
Fresnillo District
13
October 2013
Fresnillo District
History
- Discovered by Diego Fernandez de Proano in 1552. Francisco de Ibarra named and settled the
“Fresnillo springs” in 1554..
- Proaño mine developed in 1717-1754, sold to Compania Zacatecano-Mexicana, 1836 to 1872.
- 1910: the Fresnillo Company (New York), 400 to 3,000tpd. Flotation of sulphides started in
1926.
- “Mexicanisation” in 1961, 60% bought by Peñoles.
- Early 1970’s operations facing closure. Discovery of Santo Niño vein in 1975, San Carlos vein in
1997.
- Peñoles bought the remaining 40% from Amax in 1996.
- Discovery of Saucito vein in 2002, Valdecañas in 2006 by Juanicipio JV.
- The Fresnillo mine became part of Fresnillo plc which listed in the London Stock Exchange May
2008.
- Opening of Saucito mine in 2011, 3000 tpd.
- Approximate total production: 886 Moz silver, second largest silver district of the world.
Sources: Ruvalcaba-Ruiz & Thompson, 1988; Querol & Palacios, 1990
14
October 2013
Fresnillo District
PLATEROS
FRESNILLO
SAUCITO
STA. ROSA
5 Km
15
October 2013
Fresnillo District
Geology Map
FORTUNA SHAFT
LEGEND
BUENOS AIRES SHAFT
N
Litology
Co. Proaño
B
GENERAL SHAFT
Santo Niño vein
Gravel
Quaternary
Qal
SAN CARLOS SHAFT
SAN LUIS SHAFT
Ba
TBAD
TIRO JARILLAS
RY
Tertiary
Upper Volcanics
RTAV
VOLCANIC GLASS
SAUCITO SHAFT
RTP
Tertiary
Lower Volcanics
CG
Tertiary
Fresnillo CG
LUAR
CZA
Cretaceous
Guerrero Terrain
RVL
ALUNITE
A
SILICIF/Ox+Py
VEINS
2Km
16
October 2013
Fresnillo District
Long Section
LEGEND
Alteration/Mineralization
Litology
TBAD
RY
Tertiary
Upper Volcanics
RTAV
RTP
Tertiary
Lower Volcanics
CG
LUAR
RVL
Tertiary
Fresnillo CG
Cretaceous
Guerrero Terrain
SILICIF. &
ARGILLIC
VEINS
FAULTS
October 2013
17
Fresnillo District
Hydrothermal system
- Two types: Base-metal rich mantos at depth (Fortuna
zone) and intermediate sulphidation epithermal veins.
- Vein field 15 x 8 km, south-dipping E-W to ENE,
secondary to sinistral shear along NW master
structures.
- Veins 1 - +20m wide; veins up to 8 km long,shoots
400 m high.
- Alteration: upper level silicification (Buchanan’s
model), silicification and argillic (illite) close to vein
walls, propylitic outwards.
- Geochemical zonation, upper level precious metals
with base metals increasing at depth.
- Text book epithermal textures: banded, cockade,
breccia.
- Five veins stages documented at Jarillas and
Valdecañas (Velador, 2010).
- Age of mineralisation: 29.7 Ma (Jarillas / Valdecañas)
- Sources of mineralizing fluid: Magmatic + deeply
circulating meteoric.
18
October 2013
Valdecañas
Long Section
Mineral Resource Dec. 2012 (attributable)
Mton
Au gpt
Ag gpt
Pb %
Zn %
Au (cont)
Ag (cont)
M&I
3.68
1.92
657
2.16
4.04
227 koz
77.7 Moz
Inferred
3.04
1.44
381
1.87
3.31
141 koz
37.3 Moz
October 2013
19
Ciénega District
20
October 2013
Ciénega District
5
0
km
21
October 2013
San Ramón
Geology Map
La Pereñita Prospect
N
Porvenir-Bandera
Las Guásimas
Candelaria
El Manzano
San Gregorio
El Campo
Republicana
1,000 Mts
22
October 2013
San Ramón
Long Section
Mineral Resource Dec. 2012 (San Ramón + Las Casas)
Mton
Au gpt
Ag gpt
Pb %
Zn %
Au (cont)
Ag (cont)
Indicated
18.08
1.15
122
0.36
0.67
0.67 Moz
71.0 Moz
Inferred
10.67
0.92
116
0.48
0.96
0.31 Moz
39.7 Moz
October 2013
23
San Ramón
Bandera vein outcrop
24
October 2013
Herradura District
Sierra Pinta
ZRMN
Sierra Pinta
El Pinacate
Sierra Prieta
Soledad
Blanco 7
Ventana
Abejas
Ocotillo
Valles
Yaqui
Centauro
Centauro
Profundo
October 2013
25
Herradura District
26
October 2013
Centauro Deep
LEGEND
Drill hole completed
Long Section
0
HGT-074
0
HGT-076HPG-17
HPG-21
Open pit 1400
-200
-200
OX
MIX
SULF
-400
-400
-600
-600
-800
-800
-1000
-1000
Au g/t
0.250 – 0.349
-1200
0.350 – 0.499
-1200
0.500 – 0.999
1.000 – 1.499
1.500 – 2.999
-1400> 3.000
-1400
1 Km
Mineral Resource Dec. 2012 (attributable)
HPG-17
32.55m @ 2.5 g/t Au
6.00m @ 4.5 g/t Au
58.90m @ 0.8 g/t Au
42.00m @ 0.6 g/t Au
HGT-076
4.00m @ 3.4 g/t Au
9.60m @ 8.7 g/t Au
27.20m @ 5.7 g/t Au
4.00m @ 5.5 g/t Au
109.80m @ 0.4 g/t Au
Mton
Au gpt
Au (cont)
Indicated
0.83
5.03
130 koz
Inferred
1.05
6.39
220 koz
27
October 2013
Centauro Deep
HGT-083
BDS-7F
HGT-002
0
0
HGT-079
HGT-125
Tajo 1400
-200
OX
-200
MIX
-400
SULF
-400
-600
-600
-800
-800
-1000
-1000
-1200
-1200
-1400
Au g/t
-1400
0.250 – 0.349
0.350 – 0.499
-1600
0.500 – 0.999
-1600
1.000 – 1.499
1.500 – 2.999
> 3.000
HGT-125
8.95m @ 14.3 g/t Au
6.00m @ 3.0 g/t Au
35.60m @ 4.8 g/t Au
28.40m @ 3.2 g/t Au
40.00m @ 3.7 g/t Au
111.60m @ 0.8 g/t Au
629.15m @ 0.94 g/t Au
BDS-7F
7.50m @ 3.3 g/t Au
3.20m @ 4.1 g/t Au
3.15m @ 3.4 g/t Au
243.8m @ 0.51 g/t Au
Au
28
October 2013
Centauro Deep
HGT-093
HGT-129 BDS-13EF
BDS-15A
HGT-089
HGT-091
0
0
Tajo 1400
OX
-200
Galena
-200
MIX
SULF
-400
-400
-600
-600
-800
-800
-1000
Au g/t
-1000
0.250 – 0.349
0.350 – 0.499
0.500 – 0.999
1.000 – 1.499
-1200
1.500 – 2.999
> 3.000
HGT-129
4.00m @ 3.5 g/t Au
4.00m @ 8.3 g/t Au
4.00m @ 3.5 g/t Au
111.6m @ 0.8 g/t Au
90.80m @ 0.5 g/t Au
-1200
BDS-13F
4.00m @ 6.5 g/t Au
4.00m @ 4.9 g/t Au
8.00m @ 11.2 g/t Au
14.00m @ 3.6 g/t Au
36.20m @ 1.1 g/t Au
82.00m @ 1.5 g/t Au
Galena
Sphalerite
29
October 2013
Noche Buena
TORTUGA
MILENIO
NOCHE BUENA
BOTADERO
Mton
Au gpt
Au (cont)
Indicated
40.18
0.55
705 koz
Inferred
20.50
0.50
330 koz
Penmont
Mineral Resource Dec. 2012 (attributable)
Noche Buena + Noche Buena Este
Parreña
NB ESTE
30
October 2013
Noche Buena
Long Section (Tortuga Area)
CERRO TORTUGA
TAJO NOCHE BUENA
NBH-585
Au MINZ
88m @ 0.36 g/t Au
Au_ppm
Au MINZ
140m @ 0.83 g/t Au
0.3 to 0.65
0.65 to 1.0
1.0 to 3
> 3.0
31
October 2013
Tajitos
Las Flores
Prospect
“RAB anomalíes, 2012”
(open to the valley)
PENMONT
Mineralization at depth
“MII Resource zone
zone”
” (>
Water well
150 m)
(Long Section:
Section: A – A’)
New Target
“open to the North”
Hole
width (m) @ Au (g/t)
Interval
TJC-221
38.5 m @ 0.3
16.2 - 54.8 m
TJC-247
48.7 m @ 0.3
60.9 - 109.6
TJC-248
42.6 m @ 0.33
198.9 - 241.5
TJC-221
TJC-248
TJC-247
Tajitos East Target
(MII Resource zone)
zone)
Drill holes
MII Resource
zone 2012
Santa Rebeca (surface
(surface
land, 765 has) “Parreña”
land,
RIVERSIDE
RES.
PARREÑA
Caborca
32 Km
1 km
32
October 2013
Tajitos
Long Section A-A’
Mineral Resources Dec. 2012 (attributable)
Inferred
Mton
Au gpt
Au (cont)
15.80
0.43
218 koz
October 2013
33
San Julián District
34
October 2013
San Julián
Geology Map
Shalom Vein
Todos Santos Vein
Rocio Vein
JM Body
San Julian Vein
San Atanasio Vein
La Dura Vein
San Pabellon Vein
Ultima Tierra Vein
October 2013
35
San Julián
Cross Section
36
October 2013
San Julián
Todos Santos
Vein
JM Body
200 m
Mineral Resource Dec. 2012
Mton
Au gpt
Ag gpt
Pb %
Zn %
Au (cont)
Ag (cont)
Indicated (JM)
13.26
0.09
216
0.55
1.36
38 koz
92.2 Moz
Inferred (JM)
-
-
-
-
-
-
-
Indicated (Veins)
10.42
1.81
146
-
-
605 koz
48.8 Moz
Inferred (Veins)
3.73
1.68
137
-
-
201 koz
16.5 Moz
37
October 2013
San Julián
San Julián Vein
JM Body
200 m
October 2013
38
San Julián
39
October 2013
Guanajuato District
N
Gigante
Guanajuato
Las Torres
El Chorro
0
20
Km
Cardones
El Fraile
40
October 2013
El Gigante
Carr. a
San
Felipe
El Gigante
La Palma
Comanjilla
La Luz
Observatorio
Astronómico
Tuna
Mansa
Aeropuerto
Guanajuato
Gilmonene
Las Torres
GUANAJUATO
Cubilete
Santa
Teresa
N
SILAO
0
C a r r. S i l a o - I r a p u a t o
5
Km
41
October 2013
El Gigante
Geology Map
256 600 E
El Gigante
Depósitos Lacustres
2 334 500 N
Rancho
La Huilota
Socavón
San Cayetano
0
500
Metros
EXPLICACIÓN
Andesita
Ignimbrita
Tonalita
Gabro
Toba Andesita
Toba Riolíta
Mineral Resource Dec. 2012
El Gigante + other veins
Inferred
Mton
Au gpt
Ag gpt
Au (cont)
Ag (cont)
2.44
2.22
115
174 koz
9.0 Moz
42
October 2013
El Gigante
Cross Section
N 90°
90° E
LR
S 90°
90° W
Veta
El Gigante
EG
01
EG34
EG
02
Ancho Au
Ag
8.75 18.96 1748
2000
Tonalita
P.T. 117.25
8.75 18.96 1748
1900
P.T. 326.6
0
0.75 1.06 6
100
BD EGEG-01
8.75 18.95 1748
Metros
P.T. 346.05
43
October 2013
Cardones
Llanos de
La Fragua
N
Santa Rosa
De Lima
Observatorio
Astronómico
Los López
de Arriba
GUANAJUATO
Villalpando
El Cubo
Las Torres
El Cedro
Cardones
C. Coronel Rosa de
Castilla
Santa
Teresa
El Fraile
Yerbabuena
0
5
Km
3
44
October 2013
Cardones
Geology Map
N
2 321 900 N
1.5350
0.8954
0.66 86
2.96 68
1.35 24
0.3718
0.3718
32 2.11
0
Conglomerado Gto.
Gto.
Riolita - Bufa
FM Cedros
100
Metros
FM Calderones
270 200 E
45
October 2013
Cardones
Cross Section
S 40°
40° W
N 40°
40° E
Camino
Trb
2300
TIRO
CARDONES
SOCAVÓN EL REFUGIO
2200
Ttl
Tcg
2100
0
100
Metros
46
October 2013
El Fraile
Llanos de
La Fragua
N
Santa Rosa
De Lima
Observatorio
Astronómico
Los López
de Arriba
GUANAJUATO
Villalpando
El Cubo
Las Torres
El Cedro
C. Coronel
Yerbabuena
Santa
Teresa
Rosa de
Castilla
El Fraile
Santo Niño
- La Unión
5
0
Km
47
October 2013
El Fraile
2 320 000 N
Geology Map
N
0.15 12
0.27 5
0.10 3 3.73 4
EL FRAILE
1.10 176
1.60 310
1.80 330
1.01 27
1.40 47
0
2.38 12
1.67 106
1
Km
Coluvión
FM Loseros
Riolita Bufa
Falla Villalpando
Falla
Villalpando
Argilización
Conglomerado
FM Cedros
FM Calderones
Chichindaros
R. V. Cenozoico
F. Ajenos
Riolita
F. Propios
275 000 E
0.63 7
48
October 2013
El Fraile
Cross Section
Riachuelos
Obra
Antigua
Veta La Sorda
Arroyo
Arroyo
El Fraile
2300
Trch
2200
2100
100
0
Tac
Metros
49
October 2013
El Chorro
N
Ignacio
Allende
La
Sauceda
San José de
los Allendes
El Chorro
Potrerillos
Cañada de
la Virgen
San Antonio
Corrales
Nautla
Neutla
0
Juventino
Rosas
10
Km
49
50
October 2013
El Chorro
Geology Map
281 200 E
N
T TR
Nivel 11
EL CHORRO
CH-3
CH-1
CH-2
CH-22
2309 400 N
Nivel 5
Nivel 0
CH-6
CH-10
T Bxp
CH-27
CH-7
El Chorro
CH-16
CH-13
CH-8
CH-9
CH-15
CH-4
CH-19
CH-17
CH-12
CH-18
CH-20 CH-5
CH-21
CH-11
CH-14
Barreno Realizado
CH-24
Tr
CH-23
CH-26
CH-25
CAÑADA DE
ORO
0
400
Metros
CO-1
51
October 2013
El Chorro
L.R.
Cross Section
N 30°
30° W
S 30°
30° E
CH-20
CH-16
Sagrado Corazón
CH-17
2400
V. San Francisco
Veta San Gregorio
Ignimbrita
Nivel 0
Nivel 5
52.85 3.47 26
43.4 0.57 12
Nivel 11
4.00 1.20 18
1.00 0.36 140
2200
0.80 6.89 29
8.65 0.66 10
3.55 7.47 12
1.15 0.36 142
0.45 0.68 208
Riolitas
P.T. 420.80
P.T. 437.65
2000
P.T. 528.55
0
100
Metros
52
October 2013
Advanced Exploration Projects
Mexico
Soledad
Orisyvo
Guazapares
Lucerito
Guachichil
Fresnillo mines
Advanced Exploration
projects
October 2013
53
Orisyvo
October 2013
54
Orisyvo
Geologic Map
55
October 2013
Orisyvo
Long Section 250 SE
Syvo-151. 212m @ 2.0 Au gr/t
Sulphides
Syvo-44. 216m @ 2.9 Au gr/t Sulphides
Syvo-121. 287m @ 3.3 Au gr/t Sulphides
Mineral Resource Dec. 2012
250 m
Mton
Au gpt
Ag gpt
Au (cont)
Ag (cont)
M&I
186.8
1.11
1.44
6.67 Moz
8.6 Moz
Inferred
147.7
0.69
1
3.28 Moz
5.2 Moz
Au (cont): 30% in oxide material and 70% in the sulphide zone
56
October 2013
Orisyvo
Block Model, 1000 elevation
Oroguerachi tunnel
500 m
57
October 2013
Orisyvo
Oroguerachi tunnel, channel sampling
Geología
Geología
58
October 2013
Guazapares
Geology Map and target areas
San Miguel Area
Escobedo Area
Potential
San Antonio Area
October 2013
59
Lucerito
Geology Map
60
October 2013
Lucerito
Long Section
Mineral Resource Dec. 2012
Mton
Au gpt
Ag gpt
Pb %
Zn %
Au (cont)
Ag (cont)
Indicated
33.3
0.47
26
0.29
0.46
0.51 Moz
28.1 Moz
Inferred
106.2
0.38
25
0.26
0.43
1.30 Moz
86.4 Moz
61
October 2013
Guachichil
Surface land acquired
Camino RojoGuachichil I
Magnetometry
anomaly
Gravimetry
anomaly
PI_3D
chargeability
anomaly
Drill holes
IP anomaly
1750 masl
Mineral Resource Dec. 2012
1
0
km
Inferred
Mton
Au gpt
Ag gpt
Pb %
Zn %
Au (cont)
Ag (cont)
45.96
0.67
11
0.11
0.18
993 koz
16.3 Moz
Au (cont): 25% in oxide and transitional material and 80% in the sulphide zone
62
October 2013
Guachichil
NE Target
Section looking to the NE
NW
SE
K12
AG
AG--2
Cg
1800
M16
O20
Q24
1800
Fm. Caracol
1600
> 0.2 Au
Oxides bottom
1600
Fm. Indidura
1400
1400
Fm. Cuesta del Cura
1200
1200
0
200
metros
Intrusive
(quartzquartz-monzonite)
monzonite)
63
October 2013
Exploration Projects - Peru
PILARICA
SANTO DOMINGO
64
October 2013
Pilarica (Peru)
Mantos
Mineral Resource Dec. 2012
01
15
4 m @ 256 g/t Ag
Inferred
Mton
Au gpt
Ag gpt
Pb %
Zn %
Au (cont)
Ag (cont)
10.83
-
111
0.31
0.50
-
38.5 Moz
04
05
9 m @ 380 g/t Ag
13
22
07
03
10 m @ 178 g/t Ag
12 m @ 118 g/t Ag 11
2 m @ 152 g/t Ag y
3 m @ 284 g/t Ag
P01
23
18
27
02
10
08
Post mineral
volcanics
24
14
09
17
25
19
12,21
16
26
2 m @ 99 g/t Ag
Fresnillo
06
26 m @ 104 g/t Ag
P02
7 m @ 119 g/t Ag
20
6 m @ 108 g/t Ag
65
October 2013
Pilarica (Peru)
Long Section
2 m @ 35 g/t Ag
1 m @ 21 g/t Ag
22,21,12,25
6 m @ 108 g/t Ag
P-02
20
27,16,26
19
3 m @ 22 g/t Ag
2 m @ 99 g/t Ag
5 m @ 100 g/t Ag
7 m @ 119 g/t Ag
26 m @ 104 g/t Ag
22,21,12,25
P-02
20
Sandstone
27,16,26
19
Lithic tuff
And
Dacite
Mudstone
66
October 2013
Santo Domingo (Peru)
Minaccasa vein
Ichocollo Volcanics
Santo Domingo
vein
Post mineral
volcanics
Property
Victoria vein
Sandstone
Tertiary
Orcopampa
Volcanics
Alteration
zone
Limestone
67
October 2013
Santo Domingo (Peru)
TACRACULLO
Anta 20 (114m) 2.13m @ 357 g/T Ag y
2.2 g/T Au
1,000m
Anta 2 (182m) 2m @ 344 g/T Ag y 0.81 g/T Au
Anta 4 (118m) 1.62m @ 259 g/T Ag y 0.13 g/T Au
Anta 6 (222m) 1.44m @ 646 g/T Ag y 1.35 g/T Au
68
68
Conclusion: On track towards our 2018 goal
annual production 65moz Ag + 500,000oz Au
(US$ million)
Expected
Production
500
10 mill Oz Ag &
44 thds Oz Au
SAN JULIÁN
45
20 thds Oz Au
& 1.3 mill Oz
Ag
CIENEGA 5,000 TPD
(Optimization project)
235
10 mill Oz Ag &
35 thds Oz Au
SAUCITO II
160
10 mill Oz
Ag
FRESNILLO 10,000 TPD
(Optimization project)
BASIC
ENGINEERING
CONSTRUCTION
PRODUCTION
105
4 mill Oz Ag &
18 thds Oz Au
PYRITES PLANT
(Optimization project)
BASIC
ENGINEERING
CONSTRUCTION
PRODUCTION
200
200 thds Oz
Au
MEGA CENTAURO PIT
EXPLORATION
250
200 thds Oz
Au
CENTAURO DEEP
300
10 mill Oz Ag &
30 thds Oz Au
JUANICIPIO
BASIC
ENGINEERING
DETAILED
ENGINEERING
350
136 thds Oz
Au
ORISYVO
EXPLORATION
BASIC
ENGINEERING
Investment
YEAR
PROJECT
2013
2014
2015
2016
CONSTRUCTION
DETAILED
ENGINEERING
2017
2018
PRODUCTION
CONSTRUCTION
PRODUCTION
CONSTRUCTION
PRODUCTION
DEVELOPMENT
EXPLORATION
PRODUCTION
DEVELOPMENT
PRODUCTION
CONSTRUCTION
DETAILED
ENGINEERING
CONSTRUCTION
PRODUCTION
PRODUCTION