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El Toqui - Mining

Project info

The El Toqui mine was acquired in November 2016 from Breakwater Resources Limited, part of the Nyrstar group, through the acquisition of 100% of the share capital of SCMET. The acquisition of the El Toqui mine has provided the Group with production and associated cash flow, which has benefitted from the significant increase in zinc prices since the acquisition. In addition, there are incremental exploration opportunities close to the operating mine and processing facility. Acquiring the El Toqui operating plant and tailings facility has also effectively lowered the potential capital expenditure required for the commercial development of any zinc or precious metal exploration discoveries in the surrounding regions.

 The mine, operating at full capacity, has a mill throughput capacity of between 1,800 and 1,850 tonnes per day.  Production data for the 12 months ended 31 December 2017 are as follows:

 

   

12 months ended 31 Dec 2017

Ore Mined

 

520,373

Ore Milled

 

515,777

Metal Production  

 

Zinc [t]

 

19,496

Lead [t]

 

711

Gold [oz]  

11,800

Silver [oz]  

101,412