Shahuindo gold/silver project, Peru
Name and Location
Shahuindo gold/silver project, Peru.
Client
Sulliden Gold.
Project Description
The results of a feasibility study on the epithermal gold/silver deposit at the Shahuindo property, in Peru, have proved positive.
The study envisages a conventional mining project, including a shallow openpit mine with a heap-leach and a conventional carbon-adsorption (adsorption desorption recovery, or ADR) processing plant for precious metal recovery, which will support a mining rate of 3.65-million tons a year, producing gold at an average cash cost of $552/oz and an average production of 87 700 gold equivalent ounces a year.
Value
The project requires initial capital of $131.8-million.
Duration
Not stated.
Latest Developments
Peru’s Energy and Mines Ministry has approved the environmental-impact assessment (EIA) for the project, which enables Sulliden to advance the permitting process for the mine’s construction and other related authorisations.
Key Contracts and Suppliers
Kappes, Cassiday & Associates and Mine Development Associates (feasibility study).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Sulliden Gold manager investor relations, Caroline Arsenault, tel +1 416 861 5805 or email info@sulliden.com.
Cassiday & Associates and Mine Development Associates, tel +1 775 972 7575, fax +1 775 972 4567 or email kca@kcareno
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