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During the construction phase, the project is expected to create 5,500 direct and 19,000 indirect jobs.

The Vicuña Project is a development-stage mining asset operated by Vicuña Corp., a 50/50 joint venture between Lundin Mining Corporation and BHP. The project is located in the Vicuña District, spanning the border of Argentina and Chile, with deposits in the San Juan Province of Argentina and the Atacama Region of Chile. Development is planned in three stages, with a final investment decision targeted for the end of 2026.

Projected production figures for the first 25 years of operation average 400,000 tonnes of copper, 700,000 ounces of gold, and 22 million ounces of silver annually. Peak annual production over a ten-year period is forecast to be over 500,000 tonnes of copper, 800,000 ounces of gold, and 20 million ounces of silver.

Stage 1: sulphide concentrator with a capacity of 175,000 tonnes per day, conventional crushing, grinding, and flotation to produce copper concentrate. Stage 2: heap leach circuit and a solvent extraction and electrowinning (SX/EW) plant to produce copper cathodes and gold-silver dore. Stage 3: expansion of concentrator to 293,000 tonnes per day, roasting plant to treat concentrate with high arsenic levels.

shared fleet of ultra-class haul trucks with a 360-tonne payload, loaded by a combination of electric rope shovels and large hydraulic excavators. The initial fleet is expected to consist of 20-30 haul trucks, expanding to 90-100 trucks and 8-10 primary loading units at peak production. Wheel loaders will be used for stockpile management, and large-diameter rotary blast hole drills are planned for production drilling. Infrastructure to be developed includes access roads, power transmission lines, a water supply, and tailings management facilities. A desalination plant and associated pipelines are planned for Stage 3.

approximately 580 workers

The Candelaria Mining Complex is a large-scale mining operation located in the Atacama Region, Region III of Chile, approximately 20 kilometres south of the city of Copiapó. The complex is operated by Lundin Mining Corporation and is indirectly owned by Lundin Mining (80%) and Sumitomo Corporation (20%). It consists of two main adjacent copper mining operations: Minera Candelaria and Minera Ojos del Salado. The primary commodities produced are copper, gold, and silver in the form of copper concentrates.

In 2024, the Candelaria complex produced 162,487 tonnes of copper, approximately 93,000 ounces of gold, and 2.0 million ounces of silver (on a 100% basis).

conventional methods including crushing, grinding, and flotation to produce copper concentrates

seven electric shovels, 43 haulage trucks, and eight production drills

Prior to the suspension of operations in February 2024, the total number of employees at the mine site was 2,702. This included 669 Anagold employees and 2,033 subcontractor employees.

The mine is situated in the Erzincan Province of east-central Turkey, approximately 550 kilometres east of the capital, Ankara. The nearest urban centre is the town of İliç, located about 6 kilometres away. As of 13 February 2024, all operations at the mine are suspended following a significant slip on the heap leach pad. The mine is currently in a state of care and maintenance. The Turkish government has revoked the mine's environmental and operating permits.

In 2023, the Çöpler mine produced 220,999 ounces of gold.

Oxide ore is treated via a heap leaching process. Sulphide ore is processed through pressure oxidation (POX). Following the February 2024 incident, it has been stated that the heap leach pad will be permanently closed, and heap leach processing will no longer occur at the site. The sulphide plant has a design throughput of 9,000 tonnes per day, though operating guidelines may revert to a previous environmental impact assessment which prescribes a lower rate of 6,000 tonnes per day. The processing facility also includes a grinding and crushing area, with a run-of-mine (ROM) ore feed processed through an MMD 750 toothed roll sizer before being sent to a SAG mill. An on-site oxygen plant supplies gaseous oxygen for the pressure oxidation circuit.

A February 2024 technical report listed the contractor's mobile equipment at the Çöpler mine, which includes a fleet of haul trucks, loaders, and other machinery. The grinding and crushing area is serviced by a CAT 980 front-end loader.

Hod Maden is a gold-copper project located in the Artvin province in northeastern Türkiye. The project is currently in the development stage, with a project decision expected in 2026.

Life of mine production is projected to be 1.6 million ounces of gold and 209 million pounds of copper. The average mining rate is planned to be approximately 2,200 tonnes per day, or 800,000 tonnes per annum. The average life of mine ore grades are expected to be 7.6 g/t gold and 1.3% copper.

The processing plant will have a capacity of 800,000 dry metric tonnes per year. The processing method will involve a mill-float-regrind-cleaner float flowsheet to produce a single copper-gold concentrate. No cyanide will be used in the processing.

processing plant

Cripple Creek & Victor Gold Mine (CC&V) is an active, large-scale surface mining operation owned and operated by SSR Mining Inc. The mine is located in Teller County, Colorado, United States, approximately 160 kilometres southwest of Denver. The primary commodity produced at CC&V is gold, with silver also recovered. It is an open-pit operation using heap leach processing.

For the period from 28 February 2025 to 30 September 2025, the mine produced 85,165 ounces of gold. The production guidance for SSR Mining's attributable portion in 2025 is between 90,000 and 110,000 ounces of gold. The average annual production for the three-year period from 2026 to 2028 is projected to be 141,000 ounces of gold.

The ore is processed using a heap leach method; it is placed on valley-leach facilities either as run-of-mine material or after a two-stage crushing process. The gold and silver are recovered from the pregnant solution in an adsorption-desorption-recovery plant, producing a gold-silver doré.

The Whitney Project is an advanced exploration gold project in the Timmins region of Ontario, Canada. It is a joint venture operated by Pan American Silver Corp. (82.5% interest), with Newmont Corporation holding 17.5%. The project focuses on exploration and confirmation drilling, with historical mining in the area producing over 2.3 million ounces of gold.

2,081 individuals (526 employees, 1,555 contractors as of 31 December 2023)

High-grade, silver-gold-zinc-lead epithermal vein system situated on the Fresnillo Silver Trend.

In 2024, the Juanicipio mine processed 1,328,178 tonnes of ore. Total production for 2024 was 18.6 million ounces of silver and 39,029 ounces of gold. For 2025, silver production is forecast to be between 14.7 million and 16.7 million ounces, with gold production guidance between 1.2 g/t and 1.4 g/t.

The facility includes a flotation plant with a nameplate capacity of 4,000 tonnes per day, which was achieved in the third quarter of 2023. Metallurgical silver recovery was 93% for the year ended 31 December 2024. The processing circuit includes a Knelson concentrator, which began operation in February 2024 to improve gold recovery.

A project is underway to construct an underground conveyor.

A project is underway to construct an underground conveyor.

around 1,500 people (when operational)

The Escobal mine is an underground silver mine in Santa Rosa, Guatemala, currently on care and maintenance since 2017 due to a court ruling requiring Indigenous consultation.

design throughput of 4,500 tonnes per day; produced 9.9 million ounces of silver in concentrate in the first half of 2014

conventional crushing and grinding followed by a differential flotation circuit to produce lead and zinc concentrates rich in precious metals

primary, secondary, and tertiary crushers, a ball mill, flotation circuits for lead and zinc, paste backfill plant, dry-stack tailings facility

Exploration-stage asset in Chihuahua, Mexico, with lead, zinc, silver, gold, and molybdenum mineralization, including carbonate replacement type deposits. Pan American Silver holds an earn-in and option agreement with Apollo Silver Corp., which is advancing the project.

The Amalia Project is a high-grade exploration-stage project located in the State of Chihuahua, Mexico. It consists of epithermal silver-gold mineralisation found in several veins, vein breccias, and disseminated zones.

drilling equipment includes NQ and HQ size tooling

As of June 2022, the workforce at Shahuindo consisted of 669 Pan American employees and 2,091 contractors.

The Shahuindo mine is an open-pit, heap leach gold mine with silver by-products, located in the district of Cachachi, province of Cajabamba, department and region of Cajamarca, Peru. It is situated approximately 59 kilometres southeast of the town of Cajamarca.

In 2023, the Shahuindo mine produced 141,100 ounces of gold. The production forecast for 2024 is between 122,000 and 144,000 ounces of gold.

heap leaching of the ore, followed by a carbon-in-column, adsorption-desorption-refining (ADR) process to recover the gold.

mining fleet and equipment are provided by a contractor, STRACON GyM

Minera Florida is an active, underground mine located in the Metropolitan Region of Chile. It is operated by Minera Florida Ltda., a wholly-owned subsidiary of the Canadian mining company Pan American Silver Corp.

In 2023 (March 31 to December 31), the mine produced 72.4 koz of gold, 283 koz of silver, 3.2 kt of zinc, and 0.9 kt of lead. During this period, 692 kt of ore were mined and 760 kt were processed. For the full year 2025, attributable gold production was 68.6 thousand ounces.

flotation and leaching circuits, primary, secondary, and tertiary crushing stages, jaw crusher, conveyors, double-deck screens, grinding circuit, ball mill

loaders and trucks

100 employees laid off prior to shutdown

The La Colorada Mine is an open-pit operation focused on the extraction of gold and silver. As of late 2023, the mine was placed on care and maintenance, with some residual gold production continuing from the heap leach pads.

produced over 400,000 ounces of gold through 2020. For the first quarter of 2024, residual production from the mine amounted to 4,007 gold equivalent ounces.

heap leaching

three-stage crushing plant with a capacity of 12,000 tonnes per day, conveyors, multi-lift single-use leach pads, a carbon absorption circuit, and a stripping and electro-winning circuit

Heliostar Metals has announced plans to restart crushing and stacking operations in January 2025, initially processing material from the historic Junkyard Stockpile

2,431 people, which includes 1,283 Pan American Silver employees and 1,148 contractors

The Jacobina mine is an operating underground gold mine in Bahia State, Brazil, wholly owned by Pan American Silver Corp. The mine is located approximately 280 kilometres northwest of the state capital of Salvador. The Jacobina mining complex consists of several underground mines, including Canavieiras, João Belo, Morro do Cuscuz, Morro do Vento, and Serra do Córrego.

197,000 ounces of gold in 2024. A phased expansion of the processing plant to a throughput of 8,500 tonnes per day was completed in mid-2022.

conventional carbon-in-leach (CIL) process to produce gold doré. Key equipment in the processing plant includes a primary jaw crusher, semi-autogenous grinding (SAG) mill, ball mills, gravity concentrators, a carbon-in-leach circuit, and an elution and gold recovery circuit. There are plans for a tailings filtration plant and a filtered tailings stack.

jumbo drills, production drills, rock bolters, load-haul-dump (LHD) vehicles, and haul trucks

351 employees in one union and 121 in the supervisors' union (as of March 2021)

El Peñón is an operating underground gold and silver mine in the Atacama Desert, Antofagasta Region, Chile, owned 100% by Pan American Silver Corp. It is a significant contributor to Chile's gold production.

In 2024, 126.8 thousand ounces of gold and 3.87 million ounces of silver. For the full year 2025, 115.2 thousand ounces of gold and 3.91 million ounces of silver.

Crushing and grinding followed by a leaching and Merrill-Crowe process to produce doré. The processing plant infrastructure includes a primary crusher, a SAG mill, and a ball mill. The process continues with pre-leaching thickening, leaching, counter-current decantation for concentrate solution recovery, clarification, zinc precipitation, and refining. The facility also has a filtered tailings stack storage facility.

16 Caterpillar AD30 haul trucks, 11 scoops with a 6 cubic yard capacity, 4 Toro-LH 203 scoops with a 2 cubic yard capacity, 1 Toro-LH 210 scoop with a 1 cubic yard capacity, 7 Atlas Copco M2C jumbo drills, 1 Atlas Copco Boomer 282 jumbo drill, 2 Atlas Copco Boltec drills (H235 and another unspecified model)

The Dolores mine is owned and operated by Compañía Minera Dolores S.A. de C.V., a wholly-owned subsidiary of Pan American Silver Corp. Royal Gold, Inc. holds a 3.25% net smelter return royalty on gold and a 2.0% royalty on silver. Construction on the mine began in late 2006, with the first doré produced in November 2008 and commercial production starting in May 2009. Mining activities from known ore reserves concluded in the third quarter of 2024. Following the completion of processing low-grade stockpiles in the first quarter of 2025, the mine entered the residual leaching phase, which is expected to continue until the end of 2026. The underground operation was placed on care and maintenance in April 2022. The company is advancing closure studies and conducting progressive closure work for the site.

971 thousand ounces of silver and 37.6 thousand ounces of gold for the year ending December 31, 2025

crushing plant, conveying and stacking facilities, heap leach pads, solution ponds, and Merrill-Crowe and refining facilities; pulp agglomeration plant

crushing plant, conveying and stacking facilities, heap leach pads, solution ponds, Merrill-Crowe and refining facilities, pulp agglomeration plant

An expansion in 2017 added a pulp agglomeration plant to process high-grade ore from both the open-pit and a new underground mine.

In 2013, it was projected that the project would create 1,000 direct and indirect jobs. During COVID-19 related restrictions in April 2020, the mine was operating with about 20% of personnel.

In 2021, production was 79,988 ounces of gold and 5,582,197 ounces of silver. For the fourth quarter of 2025, the mine produced 27,600 ounces of gold and 920,000 ounces of silver. Gold production for the full year 2025 saw a 7% year-over-year increase, while silver production dipped 15% from 2024 due to mine sequencing into lower-grade zones. The production forecast for 2026 is projected to be between 2.80 and 3.00 million ounces of silver.

Ore is processed at a plant with a throughput of 1,000 tonnes per day. The processing method involves crushing, grinding, and gravity recovery circuits, followed by intensive leaching with cyanide for high-grade concentrate. A flotation circuit and a Merrill-Crowe plant are used to recover remaining metals. The final product is a gold/silver doré created on site through electro-winning and smelting.

Underground operations are carried out by the owner-operator, with some development work handled by a contractor. The underground equipment fleet was purchased new when operations began and is reported to be in excellent condition. A 2017 report indicated that mobilization for open-pit operations was underway.

Approximately 1,300 direct employees for preservation and safe management duties (following halt of operations in November 2023).

The mine is situated in the Donoso District, Colón Province, Panama, approximately 120 kilometres west of Panama City and 20 kilometres from the Caribbean Sea coast. As of November 2023, the mine was placed into a phase of Preservation and Safe Management and production was halted following a Supreme Court ruling that declared its mining concession contract unconstitutional.

At full capacity, the plant was designed to process up to 100 million tonnes per annum (Mtpa) of ore. Annual production was expected to be over 300,000 tonnes of copper, along with gold, silver, and molybdenum. In 2022, the mine produced 139,751 ounces of gold and 2,813,129 ounces of silver. In the third quarter of 2023, Cobre Panamá produced 112,734 tonnes of copper. Total copper production for the full year 2023 was 330,863 tonnes.

The facility includes in-pit crushing and conveying (IPCC) systems. The processing plant features a multi-stream concentrator with three 28-megawatt SAG mills and four 16.5-megawatt ball mills. The process involves secondary and pebble crushing, grinding in SAG and ball mills, followed by froth flotation to separate copper and molybdenum minerals. Differential flotation is then used to separate the copper and molybdenum.

Mining Fleet: The operation utilises conventional truck and shovel methods. The primary fleet includes up to 13 rotary electric drills, up to five P&H 4100XPC-(AC) electric rope shovels, and up to 45 Liebherr L284 (or equivalent) 360-tonne capacity haul trucks. By the end of 2021, the fleet included four rope shovels, three ultraclass loaders, and thirty ultraclass trucks, with a fifth rope shovel and eight additional trucks added in 2022. Infrastructure: The site is supported by a 300-megawatt coal-fired power station and an international port at Punta Rincón.

The Haquira project is an undeveloped copper deposit, a porphyry copper system with near-surface secondary copper mineralisation and a larger, underlying body of primary copper-molybdenum-gold-silver mineralisation.

annual copper production of around 200,000 tonnes.

conventional mill and concentrator for the primary sulphide ore, with the potential for solvent extraction and electrowinning (SX-EW) for the near-surface secondary copper mineralisation.

estimates of 4,000 jobs during the construction phase and approximately 2,000 jobs during operations. Another source suggests up to 4,000 indirect jobs during construction and 2,800 direct jobs during the operational phase.

The Taca Taca project is a development-stage, conventional open-pit mine located in the Puna region of Salta Province, in northwest Argentina. It is a porphyry copper-gold-molybdenum deposit.

Projected production figures for the first ten years of operation are an average of 291,000 tonnes of copper and 133,000 ounces of gold annually. Over the full life of the mine, the average annual production is expected to be approximately 209,000 tonnes of copper and 96,000 ounces of gold.

conventional flotation circuit to produce separate copper-gold and molybdenum concentrates. The process plant is designed with an initial capacity of 40 million tonnes per annum (Mtpa), with a planned expansion to 60 Mtpa starting in the fifth year of operation. The processing train design is similar to those used at First Quantum's Sentinel and Cobre Panamá operations and includes two 28 MW SAG mills and two 22 MW ball mills for the initial phase.

blasthole drills, diesel hydraulic excavators, electric shovels, and off-highway haul trucks