Key Facts
| Location | Nueva Segovia, Nicaragua |
| Mine Type | Open Pit and under-ground potential |
| Metals mined | Au, Ag |
| Employees/Contractors | 265/197 |
| Deposit Type | Orogenic – High grade Au, shallow dipping 1-2m wide stacked veins |
| Ownership | 100% |
| Resources and Reserves |
Outlook
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
| 3Q2021 | 4Q2021 | ||
| Tonnes Mined | tonnes | 51,210 | 44,160 |
| Strip Ratio | waste/tonnes | 15.5 | 16.5 |
| Tonnes Milled | tonnes | 33,441 | 38,313 |
| Tonnes per day | tpd | 429 (85% availability) | 507 (82% availability) |
| Au Grade | Gr/Tonne | 8.25 | 9.01 |
| Au Recovery | % | 92.9% | 92.7% |
| Gold Production | Oz. | 8,239 | 10,291 |
| Total Cash Costs | US$/Oz. Au sold | 949 | TBD |
| All sustaining cash cost ("AISC") | US$/Oz. Au sold | 1,086 | TBD |
Geology and Mineralization
Coming soon.
Exploration
Selective infill drilling ongoing
- ~10,600 meters (230 holes) drilled in 2020
- >10,500 meters (193 holes) drilled YTD 2021
History & Milestones
- Permit to construct and operate (up to 500tpd) received September 2017 (announced Sep 12, 2017)
- Positive metallurgical test results at San Albino with optimized overall gold recoveries ranging from 86.1 to 96.9% (announced Dec 13, 2019)
- Permit amendment to process up to 1,000tpd received August 2020 (announced August 24, 2020)
- Mining of first four benches containing vein material at San Albino yields 7,734 oz Au at a diluted grade of 17.45 g/t Au (announced Apr 19, 2021)
- Construction completed with commercial production declared effective July 1, 2021 (announced Jul 13, 2021)
Reserves & Resources
Photo Gallery
San Albino Deposit
