Gold Mine for Sale
Executive Summary: Gold Mine for Sale
Location: San Juan, Argentina
Overview of the Opportunity:
We are offering for sale a world-class mining asset spanning 30,000 hectares in one
of South America's most stable and pro-mining jurisdictions. Unlike projects in the
exploration phase, this asset has critical infrastructure in place, proven geology, and is
ready for immediate operational reactivation.
Geological Potential and Reserves
The project stands out for its high technical certainty and vast potential for expansion:
- Defined Resources: 258,000 oz of AuEq (M+I+I Resources) in only 3.5 km of explored veins.
- District Potential: An estimated potential of up to 3 million oz of AuEq is considered, taking into account the 18.2 km of mapped veins and the continuity of the system at depth (open below 350 m ).
- Mineral Quality: Exceptional cut-off grades between 7 and 15 grs/ton.
- Certification: Data backed by more than 16,000 meters of diamond drilling and technical report under international standard NI 43-101.
Infrastructure and Operating Assets
The project offers a competitive advantage in terms of start-up time and reduced initial investment (CAPEX):
- Underground Mining: Network of tunnels, galleries and shafts developed in three main sectors (Mine 1, 2 and 3).
- Processing Plant: Complete circuit of crushing, grinding, plant flotation and tailings dam.
- Installed Services: Connection to the regional electricity grid, camps, workshops and administrative offices.
- State of Conservation: Currently under custody and maintenance.
(pumping and ventilation) by Cormine SEP, guaranteeing the integrity of the assets.
Strategic Advantages and Legal Security
- San Juan Jurisdiction: Leading province in legal security and mining promotion policies in Argentina.
- Clean Transfer: Debt-free asset, with clear title and ready for the Due Diligence process.
- Modernization: Plan projected to process 100% of the ore locally, optimizing the value chain.
Transaction Conditions
Sale Price: US$ 140,000,000 (One hundred forty million US dollars).
• Access to Information: The opening of the Data Room and access to the Report NI 43-101 technical certifications are subject to the signing of a Letter of Intent (LOI) and a Non-Disclosure Agreement (NDA).