Aljustrel
Commodities:
Silver, Zinc, Copper
Percent ownership:
100
Dev stage:
Drilling
Gps coordinates:
37.93813259,-8.1210938
Description:
The Aljustrel mine is approximately 40 km northwest of Neves-Corvo. The mine is expected to produce 1.2 million ounces of silver in lead concentrate per year on an annualized basis.
The production of 2008 is forecast at 250,000 ounces as the mine switches to the main silver rich ore body. In 2009, production is forecast at greater than 1 million ounces and averaging 1.2 million ounces thereafter.
Production costs are fixed at the lesser of US$3.90 per ounce (an inflation adjustment commences in year four). Aljustrel’s estimated mine life exceeds ten years, and additional exploration of known orebodies is planned, with the goal of increasing mine life.
Country:
Portugal