Current capital expenditures stand at approximately $302 million as of December 31, 2024. Management estimates total project spending will reach $332 million. The $16 million increase in mining costs is attributed to an extended project schedule and higher waste rock disposal costs, including hauling, placement at the temporary waste dump, and construction of the permanent waste rock dump.
During the fourth quarter, 1,694 metres were developed underground, bringing the total to 7,239 metres.
The primary crusher commissioning was completed, with a total of 6,000 tonnes of ore crushed.
Four million ounces of silver annually
Terronera has total proven and probable reserves of 7.4 million tonnes, grading 197 g/t silver and 2.25 g/t gold. The mine consists of the Terronera and La Luz underground deposits, both of which will be mined using a combination of long-hole and cut-and-fill methods. The processing plant…
