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El Compas


El Compas, is located in Zacatecas, the 3rd largest historic silver mining district in Mexico. The fully permitted mine and leased plant were acquired in 2016, we commenced development in 2017 and attained commercial production in Q1, 2019.

Location 1 km south of Zacatecas City
Access Maintained all-weather gravel road
Property 4,217 hectares in three land packages, El Compas, Calicanto, Veta Grande
Infrastructure On power grid, readily available water and labour in Zacatecas
Mine Initial 250 tpd underground, ramp access, mechanized long hole and cut-and-fill mining methods
Plant Initial 250 tpd capacity flotation plant to produce high-grade bulk sulfide concentrates
District Large, multi-vein silver-rich historic district 20 km long by 10 km wide
Widths 1-5 m, average 2 m
Potential 10 untested vein targets at El Compas and recently acquired Calicanto and Veta Grande properties have known veins, small historic mines and good exploration potential

2020 Operating Statistics

Production 89,374 oz Ag
8,362 oz Au
0.8 million oz Ag Eq (80:1 silver:gold)
Grades silver 53 gpt, gold 4.32 gpt
Recoveries silver 66.1%, gold 75.9%