Mexico’s Cozamin copper mine plans to increase its annual copper production by 50pc to 50mn-55mn lb (22,679-24,947mt) by 2021.
The Cozamin mine is located 3.6 km northwest of Zacatecas City in the mineral-rich state of Zacatecas, Mexico. The Zacatecas mining district covers a belt of deposits that contain copper, lead, and zinc, silver, and gold.
The mine, owned by the Capstone Mining Corporation, comprises 90 mining concessions covering 4,202 hectares and consists of a copper-silver underground mine with a surface milling facility.
The company announced additional high-grade copper and silver results from 21 infills and six step out drill holes at its mine, bringing the total to 150 holes drilled out of a 200 hole program. The drill results to date continue to demonstrate greater widths and grades than current Mineral Reserves, as well as the potential for an expanded high-grade resource.
In the first 10 months of 2019, Mexico produced 1.2mn mt of copper, up by 20pc from 1mn mt in the same period in 2018, according the National Institute of Statistics and Geography (Inegi).