Pierina

The Pierina Mine is located in the Andean Cordillera in the Department of Ancash in north-central Peru, approximately 10 kilometers northwest of the city of Huaraz, at an altitude of approximately 4,100 meters.

The orebody is being mined as an open-pit, truck-and-loader operation. Ore is crushed and then transported via an overland conveyor to the leach pad area. Run-of-mine ore is trucked directly to a classic valley-fill type of leach pad.

In 2007, Pierina produced 520,000 ounces of gold at total cash costs of $252 per ounce¹.  Proven and probable mineral reserves as of December 31, 2007 are estimated at 1.1 million ounces of gold².

In 2008, Pierina is expected to produce 395,000 to 425,000 ounces of gold at average total costs of $290 to $320 per ounce¹.

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