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 435,000 ounces of gold in 2016, at a cost of sales of $651 per ounce, and all-in sustaining costs of $529 per ounce.1
Production in 2017 is anticipated to be 380,000-420,000 ounces of gold, at a cost of sales of $710-$780 per ounce, and all-in sustaining costs of $540-$600 per ounce.1
Proven and probable gold reserves as of December 31, 2016, were 4.2 million ounces2 (70.7 million tonnes, grading 1.86 grams per tonne).