Pallancata is a silver/gold mine in southern Peru.

The mine was placed on care and maintenance in Q4 2023.

Key stats

100%

Ownership

Silver

Primary Metal

2.4moz Ag Eq

2023 Production

n/a

Proved and Probable Reserves

21.8moz Ag Eq

Measured & Indicated Resources

66.8moz Ag Eq

Inferred 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 with ore from the mine being 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. For example, in 2022, the brownfield exploration team made a significant discovery close to Pallancata, within the Royropata zone. Production from Royropata is expected to commence in 2027.

 

Integrated map of Hochschild Operations and Projects in Peru

Integrated map of Hochschild Operations and Projects in Peru
Key mine statistics 2023 2022 2021   2020   2019   2018   2017  
Ore production (tonnes) 414,044 559,799 530,681 519,611 915,877 717,652 470,903
Average silver grade (g/t) 155 151 212 247 278 362 442
Average gold grade (g/t) 0.64 0.69 0.84 0.87 1.01 1.3 1.78
Silver produced (koz) 1,746 2,368 3,261 3,679 7,259 7,449 5,956
Gold produced (koz) 7.39 10.98 13.05 12.93 25.95 26.4 23.47
Silver equivalent produced (koz) 2,359 3,279 4,382 4,790 9,361 9,403 7,693
Silver sold (koz) 1,785 2,315 3,263 3,654 7,161 7,439 5,950
Gold sold (koz) 7.52 10.76 13.03 12.8 25.45 26.23 23.29
Resources (attrib. Moz 60.3 94.3 44.8 50.1 58.6 68.6 75.1
Capacity 3,000 3,000 3000 3000 3000 3000 3000