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Hermosa (Pb-Zn-Ag)

Royalty and terms: 1% net smelter return (NSR) (sulfides)
Operator:  South 32
Visit South 32 for more info
Primary Commodity: Lead (Pb), Zinc (Zn), Silver (Ag)
Location: Arizona, USA
Reserves and resources: Taylor Deposit

  • Measured Mineral Resource of 15.2 million tonnes grading 4.0% zinc, 4.0% lead and 1.6 opt silver, or 9.6% ZnEq,
  • Indicated Mineral Resource of 85.8 million tonnes grading 4.2% zinc, 4.3% lead and 2.2 opt silver, or 10.5% ZnEq,
  • Inferred Mineral Resources of 43.6 million tonnes grading 3.9% zinc, 4.8% lead and 3.4 opt silver or 11.9% ZnEq, utilizing a 4% ZnEq cutoff grade.

Central Deposit

  • Measured Mineral Resource category of 21.8 million tonnes grading 3.3 ounces per ton (opt) silver, 9.2% manganese and 1.9% zinc,
  • Indicated Mineral resource category of 41.7 million tonnes grading 1.7 opt silver, 9.8% manganese and 2.3% zinc,
  • Inferred Mineral resource category of 1.8 million tonnes grading 1.6 opt silver, 7.4% manganese and 2.6% zinc.
Status: Development

Details:

  • 29 year mine life
  • Rapid development to production in 2020 at first quartile costs
  • Drilling underway to expand Taylor Deposit
(1) 43-101 report on January 16, 2018
Source: Company disclosure and Osisko management estimates.