alphonso martinez part 1 latam ventures pdac 2012
TRANSCRIPT
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PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA
March 4–7, 2012. Toronto, Canada
Mexican Geological Survey
Part 1 of 2
II MEXICO’S MINERAL POTENTIAL
III
IV ADVANCED PROJECTS
V WHY IS MEXICO THE BEST MINING INVESTMENT OPPORTUNITY?
MINES OPENED IN 2009, 2010 AND 2011
I MINING INDUSTRY ECONOMIC INDICATORS
SOURCES OF FOREIGN INCOME 2010
Source: Bank of Mexico and SGM Statistic Mining Yerabook
(MU
SD)
0
10
20
30
40
50
60
70
Automotive Parts Oil Industry Mining Production Value
Tourism
64,948
41,682
14,838 11,872
Source: SGM StaGsGc Mining Yearbook
0
2
4
6
8
10
12
14
16
18
2004 2005 2006 2007 2008 2009 2010 2011e
5,6566,434
9,219
10,533 10,468 9,902
14,838
17,500
Millio
n US
Dol
lars
VALUE OF THE MINING PRODUCTION
2010 NATIONAL MINING PRODUCTION, PARTICIPATION VALUE
Source: DGPM
OTHERS, 29%
COPPER, 16% GOLD,
25%
SILVER, 20%
ZINC, 10%
2007 2008 2009 2010 2011 2012
2,156
3,656
2,858
4,431 4,168 4,484
Millio
n US
D$
Source: CAMIMEX, DGPM
USD$ 21,753 millions
2007-‐2012 MINING INVESTMENT PROJECTION
II MEXICO’S MINERAL POTENTIAL
III
IV ADVANCED PROJECTS
V WHY IS MEXICO THE BEST MINING INVESTMENT OPPORTUNITY?
MINES OPENED IN 2009, 2010 AND 2011
I MINING INDUSTRY ECONOMIC INDICATORS
II
Source: Mexican Geological Survey
Cu,Au
Fe
Cu,Zn,Pb,Ag,Au
Cu,Au
Fe C
F
F
P
Sr
Mn
Au, Ag
A wide variety of metallogene5c provinces occur. Regional belts include mineral abundance of gold, silver, copper, zinc, lead, molybdenum and iron, among others
Cu,Au
Ti
Cu,Co, Mn Salt
S
Fe
SILVER 1° 4,410
FLUORITE 2° 1,067,386
WOLLASTONITE 4° 46,548
LEAD 5° 192,062
MOLYBDENUM 5° 10,849
ZINC 6° 570,004
MANGANESE 8° 174,761
GOLD 9° 79
COPPER 12° 270,136
MEXICAN SHARE OF THE WORLDWIDE MINING PRODUCTION
Source: SGM
0
200
400
600
800
1000
1200
GOLD SILVER LEAD COPPER ZINC
-20
0
20
40
60
80
100
120
140
160
SILVER COPPER ZINC LEAD IRON
Year base = 1980 volume Source: INEGI
PRODUCTION VARIABILITY BY ELEMENT 1980 – 2010 ( % )
1980
1990
1995
2000
2005
2010
1980
1990
1995
2000
2005
2010
1980
1990
1995
2000
2005
2010
1980
1990
1995
2000
2005
2010
1980
1990
1995
2000
2005
2010
1980
1990
1995
2000
2005
2010
THESE COMPANIES REPRESENT 83% OF THE NATIONAL PRODUCTION
2010 TOTAL PRODUCTION : 2,552,021 OUNCES = 79.4TON MINE STATE PRODUCTION/TON OUNCES/YEAR
LOS FILOS GUERRERO 306,144 9.5 PEÑASQUITO ZACATECAS 177,472 5.5 EL SAUZAL CHIHUAHUA 156,062 4.9
GOLD CORP INC. 25.0 %
LA HERRADURA SONORA 400,154 12.4 LA CIÉNEGA DURANGO 113,397 3.5 SOLEDAD DIPOLOS SONORA 61,300 1.9 FRESNILLO ZACATECAS 24,985 0.8
FRESNILLO 23.5 %
TOTAL 599,836 18.6
EL CORONEL ZACATECAS 173,006 5.4 FRISCO 6.8%
MULATOS SONORA 157,187 4.9 ALAMOS GOLD 6.1 %
PINOS ALTOS CHIHUAHUA 147,372 4.6 AGNICO EAGLE 5.8 %
C. SN PEDRO SLP 114,417 3.6 NEW GOLD GROUP 4.5 %
OCAMPO CHIHUAHUA 103,200 3.2 AuRICO GOLD 4.0 %
PALMAREJO CHIHUAHUA 102,440 3.2 COEUR d´ALANE MINES 4.0 %
TOTAL 639,678 19.9
TOTAL 882,622 27.5
TAYOLTITA DURANGO 85,000 2.6 PRIMERO MINING 2.6%
2010 SILVER TOTAL PRODUCTION: 4,411 TON = MDD $2,880
PRODUCTION/TON % STATE MINE
COEUR d´ALANE MINES 2.5%
FRESNILLO ZACATECAS 1,117 25.3 FRESNILLO PLC 25.3%
ALAMO DORADO SONORA 246 5.6 LA COLORADA ZACATECAS 122 2.8
PAN AMERICAN SILVER 8.4%
OCAMPO CHIHUAHUA 134 3.0 AuRICO GOLD 3%
PRIMERO MINING 3.2%
INDUSTRIAS PEÑOLES 4.3%
MINAS DE BACIS 1.4%
NEW GOLD 1.5%
FIRST MAJESTIC SILVER 4.6%
TOPIA DURANGO 20 0.4 GUANAJUATO GUANAJUATO 23 0.5 GREAT PANTHER
0.9%
ENDEAVOR SILVER 2.3%
TAYOLTITA DURANGO 141 3.2
TIZAPA EDO. DE MÉXICO 131 3.0 NAICA CHIHUAHUA 59 1.3
LA PARRILLA DURANGO LA ENCANTADA COAHUILA 205 4.6 SAN MARTÍN JALISCO
PALMAREJO CHIHUAHUA 112 2.5
EL HERRERO DURANGO 61 1.4
PEÑASQUITO ZACATECAS 432 9.8 GOLD CORP 8.4%
GUANACEVI DURANGO 103 2.3
CERRO SAN PEDRO SAN LUIS POTOSÍ 67 1.5
ZACUALPAN EDO. DE MÉXICO 23 0.5 IMPACT SILVER 0.5%
THESE COMPANIES REPRESENT 68% OF THE NATIONAL PRODUCTION
TON* MILLION POUNDS* STATE
2010 TOTAL PRODUCTION: 270,136 TON = 595.9 MM Pounds = MMUSD $2,035 MINE
THESE COMPANIES REPRESENT 81% OF THE NATIONAL PRODUCTION * Metallic content
LA CARIDAD SONORA 117,957 260.0 GRUPO MÉXICO.
TOTAL N138,653 305.6
53.15 %
MILPILLAS SONORA 21,768 48.0 OTRAS MINAS VARIOS 14,155 31.2 (Sabinas, Bismark, Fco. I. Madero,
Tizapa y Naica)
PEÑOLES
T OTAL 35,923 79.2
13.77 %
G – 9 CAMPO MORADO NYRSTAR 4,000 8.8 NYRSTAR
6.46% GRUPO FRISCO
COZAMIN ZACATECAS 16,117 35.5 CAPSTONE MINING
6.18%
1.54 %
CANANEA SONORA 20,696 45.6
MINERA MARIA SONORA 8,826 19.5 OTRAS MINAS VARIOS 8,004 17.6
TOTAL 16,830 37.0
II MEXICO’S MINERAL POTENTIAL
III
IV ADVANCED PROJECTS
V WHY IS MEXICO THE BEST MINING INVESTMENT OPPORTUNITY?
MINES OPENED IN 2009, 2010 AND 2011
I MINING INDUSTRY ECONOMIC INDICATORS
TOTAL 3,321
DOLORES Chihuahua Open pit Au, Ag Minefinders 300 PINOS ALTOS Chihuahua Open pit Au, Ag Agnico Eagle Mines 240 EL TRIUNFO BCS Open pit Au El Triunfo S.A. 23 EL CASTILLO Durango Open pit Au, Ag Castle Gold 20 LA ENCANTADA Coahuila Underground Ag, Zn, Pb First Majestic 20
PEÑASQUITO Zacatecas Open pit Au, Ag, Zn, Pb Gold Corp Inc. 1,490 PALMAREJO Chihuahua Open pit Au, Ag Coeur d’Lane 300 JALTIPAN Veracruz Open pit S MexiChem 240 SAN JUAN BCS Underground P Rofomex 75 SOLEDAD-DIPOLOS Sonora Open pit Au Fresnillo-Newmont 70 SAN FRANCISCO Sonora Open pit Au Timmins Gold 35 EL AGUILA Oaxaca Open pit Au, Ag, Cu, Zn Gold Resources Corp. 25 STA. ELENA Sonora Open pit Au, Ag Silver Crest Mines 20
EL SAUCITO Zacatecas Underground Ag, Au Fresnillo PLC 302 MASCOTA Chihuahua Open pit Au, Ag Agnico Eagle 64 SAN JOSE Oaxaca Underground Ag, Au Fortuna Silver 79 SAN JOSE Zacatecas Underground Ag, Pb, Zn Arean Silver 18