Cozamin Mine achieved another record quarterly copper production of 14.1 million lb at $0.93/lb and attained targeted new run rate of 3,854 metric tons per day (mt/d). Production in the third quarter was 33% higher than in the third quarter of 2020 following commissioning of the Calicanto one-way ramp in Q1 2021.
Production in Q3 2021 was 33% higher than the same period last year and a record production quarter for Cozamin. Higher copper production was primarily due to the successful utilization of the Calicanto one-way ramp, which increased mill rates from 3,090 mt/d in Q3 2020 to 3,854 mt/d in Q3 2021. In addition, with the optimized technical report, the mine plan is delivering significantly higher mine grades (1.87% in Q3 2021 versus 1.77% in Q3 2020) from the copper-rich San Jose and Calicanto zones.
“Once again I’m very pleased with our Cozamin mine performance,” Senior Vice President and COO Brad Mercer said. “We exceeded guidance by delivering low cost, record production that distinguishes this operation as a first quartile asset.”