Project Overview
The Cotabambas copper-gold-silver deposit is located in Peru, South America, and has been systematically explored since 1995. Cotabambas is located in the mountainous terrain of the high Andean Cordillera. Elevations on the property vary between approximately 3,000 and 4,000 metres. The region is characterized by deeply incised river valleys and canyons.
The Ccalla and Azulccacca zones of the Cotabambas deposit are porphyry copper deposits. The two host porphyries cover an area about 2.5 kilometres long and 1.5 kilometres wide. Mineralization occurs in hypogene, supergene enrichment and oxide zones within the host porphyries and surrounding diorites. A well-developed leached cap hosts the oxide mineralization. Sulphide mineralization consists of chalcopyrite and pyrite, and gold grades are strongly correlated to copper grades in the hypogene zone.
In April, 2022, Panoro announced commencement of a pre-feasibility drill program which will target upgrading of the Inferred resources to Indicated. Step-out drilling is also planned to increase both the copper oxide and high grade sulfide resource for inclusion into the mine plan for the pre-feasibility study. In addition to the drilling, Panoro is scoping the engineering, environmental and social studies to support the pre-feasibility work program. Metallurgical, tailings trade off, heap leach pad and SX/EW plant location and open pit geotechnical studies will be completed in 2022 in support of the pre-feasibility study planned for completion in 2023.
Stream Details
| Date of Contract |
21-Mar-16 |
| Term |
Life of Mine |
| Stream |
25% of gold and 100% of silver until 90 million SEOs produced, 16.67% of gold and 66.67% of silver thereafter |
| Upfront Consideration |
$140M |
| Per Unit Production Payment |
$450 Au and $5.90 Ag (annual 1% inflation adjustment starting in the 4th year after satisfaction of the completion test) |
For more information on the Cotabambas Project, please visit: www.panoro.com (opens in new tab)