Operating for 15 years
Pallancata is a silver/gold mine in southern Peru which commenced production in 2007.
Ore from Pallancata is transported 22km to the Selene plant for processing.
Proved and Probable Reserves
Measured & Indicated Resources
Significant exploration potential in the Pallancata district
The 100%-owned Pallancata property is approximately 160 kilometres from the former Arcata operation. Pallancata commenced production in 2007 and up until December 2013 was a joint venture, in which Hochschild held a controlling interest of 60% with International Minerals Corporation. Following the purchase of IMZ, Hochschild owns 100% of the operation. Ore from Pallancata is transported 22 kilometres to the Selene plant for processing.
Pallancata is a low-to-intermediate sulphidation precious metal epithermal vein deposit and is mined using the cut and fill and long hole stoping methods. Since commissioning, we have found several new veins beyond the original Pallancata vein and we have promising drill targets which may extend the mine life for many more years to come. In 2022, the brownfield exploration team made a significant discovery close to Pallancata, within the Royropata zone.
Integrated map of Hochschild Operations and Projects in Peru
|Key mine statistics||2022||2021||2020||2019||2018||2017|
|Ore production (tonnes)||559,799||530,681||519,611||915,877||717,652||470,903|
|Average silver grade (g/t)||151||212||247||278||362||442|
|Average gold grade (g/t)||0.69||0.84||0.87||1.01||1.3||1.78|
|Silver produced (koz)||2,368||3,261||3,679||7,259||7,449||5,956|
|Gold produced (koz)||10.98||13.05||12.93||25.95||26.4||23.47|
|Silver equivalent produced (koz)||3,279||4,382||4,790||9,361||9,403||7,693|
|Silver sold (koz)||2,315||3,263||3,654||7,161||7,439||5,950|
|Gold sold (koz)||10.76||13.03||12.8||25.45||26.23||23.29|
|Resources (attrib. Moz||94.3||44.8||50.1||58.6||68.6||75.1|