Lagunas Norte is located on the Alto Chicama property in north-central Peru, 140 kilometers east of the coastal city of Trujillo. The property lies on the western flank of the Peruvian Andes at an elevation of 4,000 to 4,260 meters above sea level. It's an open-pit, crush, valley-fill heap leach operation.
Lagunas Norte produced 560,000 ounces of gold in 2015, at a cost of sales of $378 million, and all-in sustaining costs of $509 per ounce.1
Production in 2016 is anticipated to be 425,000-450,000 ounces of gold, at a cost of sales of $680-$720 per ounce, and all-in sustaining costs of $560-$590 per ounce.1
Proven and probable gold reserves as of December 31, 2015, were 3.7 million ounces2 (63.6 million tonnes, grading 1.82 grams per tonne).