Escondida Targets Growth Through Concentrator Expansion

Escondida, the world’s largest copper mine, is targeting a copper production increase from about 940,000 metric tons (mt) in 2016 to 1.2 million mt/y for 10 years following completion of a newly approved, $200 million expansion of its Los Colorados concentrator (one of three concentrators on the property). Escondida is located in northern Chile and is owned 57.5% by BHP Billiton, 30% by Rio Tinto, and 12.5% by two consortiums of Japanese companies. BHP Billiton is the operator.

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Avino Attains Production at Namesake Mexico Property

Avino Silver & Gold Mines reported that it has reached commercial production at a second mine—the Avino mine—on its Avino silver-gold-copper property in Durango state, Mexico. The company has operated the 250-mt/d San Gonzalo mine on the property since 2012. The two mines feed a conventional flotation mill that has three separate circuits and a capacity of 1,500 mt/d.

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NGEx Plans to Spin Out Filo del Sol

NGEx Resources has announced plans to spin out its cross-border Chile-Argentina Filo del Sol property into a wholly owned subsidiary to be called Filo Mining Corp. NGEx will retain and focus on advancing its 60% owned, cross-border Constellation project, which is developing the Los Helados property in Chile and the Josemaría property in Argentina. Filo del Sol is adjacent to these two properties.

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Endeavour Silver Acquires El Compas Project in Mexico

Endeavour Silver has entered into a definitive agreement with Canarc Resource Corp. to acquire a 100% interest in Oro Silver Resources, a wholly owned subsidiary of Canarc. Oro Silver owns the El Compas gold-silver development property and has a five-year renewable lease on the 500-metric-ton-per-day (mt/d) La Plata ore processing plant in Zacatecas, Mexico.

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