Project Highlights
The San Andres Gold Mine is located in the municipality of La Union, Department of Copan, Honduras, approximately 300 kilometres northwest of the country’s capital city, Tegucigalpa, and covers 399 hectares. The property has well-developed infrastructure, which includes power and water supply, warehouses, maintenance facilities, assay laboratory and on-site camp facilities. Production at the San Andres Mine commenced in 1983 as an open-pit, heap-leach operation and currently processes approximately 350,000 tonnes of ore per month. Aura Minerals is currently in the process of completing an expansion project, consisting of a new primary crusher-conveyor system and a new stacking system. The new crusher-conveyor system will significantly reduce haulage distances, which will reduce cash costs and provide an opportunity to increase throughput. The new stacking system will increase the rate of ore stacked on the leach pad, which will increase throughput. Construction of the crusher-conveyor system is complete and commissioning is underway. The system is expected to be fully operational early in the second quarter of 2010. Fabrication of the stacking system is underway and is expected to be in operation in the third quarter of 2010. The San Andres Mine was acquired in August 2009 and is 100% owned by Aura Minerals.