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Brownfield Exploration

We are aiming not only to increase the life-of-mine of our assets but also the quality of our resources. We have a long and successful track record of discovering low cost resource additions and are currently executing a comprehensive programme at all our deposits across Peru and Argentina.


  • Young vein district with potential to materially increase resources from large land package
  • 2020 programme added:
    • 25.3moz Ag Eq of reserves
    • 27.0moz Ag Eq of resources
  • 35,000m 2021 programme started
  • Significant high grade resources already being added in Q1 from Angela North



  • Short LOM - strategy of adding economic ounces close to current operations
  • Good targets remain for 2021:
    • Pablo South (underway)
    • Pablo Piso
    • Pablo extension
    • Pallancata Central
    • San Cayetano (2022)
  • Significant potential to add long-term resources from regional projects
    • Corina
    • Cochaloma
    • Palca

San Jose

  • Further promising results in Q1 2021
  • High grade areas close to current mine (e.g. Isabel-Luisa veins)
  • Saavedra East including promising Betania vein structure
  • Titan target to the south west of San Jose
  • Continuing to explore Telken area next to Newmont’s Cerro Negro
  • Potential drilling at Escondida vein