Risk and valuation analysis of the Peñasquito Project |
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Title(s) of the Peñasquito Project |
| VanEck Vectors Global Alternative Energy ETF Owner: 75% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Goldcorp owns 100% of the mineral rights to a large area covering
approximately 39,000 hectares located in the north-eastern portion of the
State of Zacatecas (Figures 1-1 and 1-2) in north-central Mexico. |
| VanEck Vectors Global Alternative Energy ETF : 25% |
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Title | Company Profile | All Projects | Company website | Company project page |
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| Royal Gold Inc. Net Smelter Return: 2% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Location of the Peñasquito Project |
The Peñasquito project is an open pit mine hosting one of the world’s largest silver, gold, zinc and lead reserves. It is located in State of Zacatecas, Mexico and is 17 miles west of the town of Concepción del Oro
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History of the Peñasquito Project |
In 1998 Western Silver acquired the entire Peñasquito property from Kennecott. Glamis Gold Inc. acquired Western Silver on May 3, 2006. Goldcorp acquired Glamis in November 2006. Since 2002, all three companies have undertaken a continuous series of drilling campaigns on
the property. The first gold was poured from the oxide circuit in May 2008 and mill start-up is scheduled
for 2009.
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Geology of the Peñasquito Project |
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The ore minerals in both deposits consist of sphalerite, galena, argentite and minor chalcopyrite and pyrite. These ore minerals contain the gold, silver, lead and zinc that will be produced.
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Production history |
Metal | 2010 | 2009 | 2008 |
GOLD (oz) | 168,200 | 90,299 | 19,999 |
SILVER (oz) | | 3,711,990 | 1,643,996 |
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