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Pinos Altos

Chihuahua State, northern Mexico

Pinos Altos is in the mountainous region of northern Mexico, 220 km west of the city of Chihuahua. It is an underground mining operation containing reserves of gold and silver. Commercial production was achieved at the Pinos Altos mine in November 2009 and, under current mine plans, the mine is expected to be in production through 2028. A shaft sinking project was completed in June 2016 at the Pinos Altos mine and during 2018, the site transitioned into being a predominantly underground mining operation.

In 2020, the Company started underground and open pit production at Sinter, located approximately 2 kilometres northwest of the Pinos Altos minesite and depleted the Bravo pit at Creston Mascota in the third quarter of 2020, with residual gold leaching continuing through 2023. Open pit production commenced at Reyna de Plata in 2022.


Key Facts

Mine Type

Underground

2024 production

88,433 oz Gold
1,198,000 oz Silver

2024 production costs

$1,902/oz Gold

2024 total cash costs

$1,530/oz Gold

Gold Reserves
as at December 31, 2024

433,000 oz
See 2024 year end Mineral Reserves and Mineral Resources statement for additional detail.

2025 production guidance (midpoint)

80,000 oz Gold

2025 total cash costs guidance

$1,717/oz Gold

Mine Life

2028

Mine Production

2024 Output

Employees

1,121