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San Albino Deposit

Key Facts

Location Nueva Segovia, Nicaragua
Mine Type Open Pit and under-ground potential
Metals mined Au, Ag
Employees/Contractors 353/197
Deposit Type Orogenic – High grade Au, shallow dipping 1-2m wide stacked veins 
Ownership 100%
Resources and Reserves Link

Summary

San Albino is a high-margin gold mine with a Measured and Indicated mineral resource (open pit) grade of 9.54 g/t Au (1)

Our strategy is to consolidate a low-cost, cornerstone operation at San Albino– an area that only represents ~2% of our landholdings. Cash flow from San Albino is funding exploration on the district-scale Nicaraguan land package of ~188 sq. km

Operating Data

    Q4 2023 Q1 2024
Tonnes Mined tonnes 52,398 67,961
Strip Ratio waste/tonnes 22.8 22.7
Tonnes Milled tonnes 51,745 52,478
Tonnes per day tpd 582 606
Au Grade Gr/Tonne 8.22 7.27
Au Recovery % 96.6% 96.2%
Gold Production Oz. 11,567 9,937
Cash Costs US$/Oz. Au sold 709 858
All sustaining cash cost ("AISC") US$/Oz. Au sold 831 1,043

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Geology and Mineralization

San Albino is interpreted to be an Orogenic gold deposit based on the following characteristics:

San Albino appears to be in a unique class of Orogenic deposits due to its shallow dipping vein orientation, making it amenable to open pit mining.

Orogenic deposits tend to occur on a district scale and are one of the largest deposit types in terms of gold endowment

History & Milestones

Reserves & Resources

NI 43-101 Technical Report

Photo Gallery

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