Los Andes Copper PFS puts $2.8bn NPV on Vizcachitas project. miningnews
calculated using metals prices of $3.68/lb. for copper, $12.9/lb. for molybdenum and $21.79/oz. for silver.
The initial life of mine is 26 years, during which Vizcachitas is expected to produce 8.8 billion lb. copper, 273.3 million lb. molybdenum and 32.7 million oz. silver, with average annual copper production of approximately 183,000 tonnes for the first eight years. Santiago Montt, Los Andes Copper’s CEO, said the FPS results show that Vizcachitas is “clearly a Tier 1 asset that has the potential to join the ranks as one of the largest and most profitable copper mines in Chile.”
Located within the Andes Mountains in the province of San Felipe, approximately 150 km northeast of Santiago, the Vizcachitas project represents a world-class porphyry copper deposit and one of the largest of its kind not controlled by the majors in the Americas.
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