Issue link: http://resourceworld.uberflip.com/i/612354
30 www.resourceworld.com d e c e m b e r / j a n u a r y 2 0 1 6 bined with the Filo del Sol Project which straddles the Argentine-Chilean border and the Los Helados Project in Chile. Josemaria has indicated resources of 3.44 billion lbs copper, 3.77 million oz gold and 14.50 million oz silver at a 0.50% copper- equivalent cutoff. Inferred resources for Filo del Sol are 381.0 million tonnes grad- ing 0.39% copper, 0.33 g/t gold and 12 g/t silver for a copper Equiv. grade of 0.69%, 3.3 billion lbs copper, 4.0 million oz gold and 149.8 million oz silver. Pan american silver Corp. [PAA-TSX; PAAS-NASDAQ] has a 100% interest in the producing Manantial Espejo silver- gold mine in Santa Cruz Province, an open pit and underground 2,000 tpd opera- tion. Silver production was 3.7 million oz in 2014 with gold production of 70,500 ounces – 16% more than 2013. Production for 2015 is expected to be about the same. Pan American has a 100% interest in the development-stage Navidad silver-lead- zinc project, Chubut Province, southern Argentina. The company's website states "current activities are guided by an invest- ment plan which focuses primarily on satisfying the legal requirements necessary to maintain our property interests under the current mining law." samco Gold Ltd.'s [SGA-TSXV] flagship project is the 8,000-hectare El Dorado- Monserrat epithermal gold project, Santa Cruz Province, Argentina, approximately 10 km west of the Cerro Vanguardia Mine operated by angloGold ashanti Ltd. Channel samples taken at 5-20-metre inter- vals averaged 18.45 g/t gold and 417.0 g/t silver. Samco also owns a portfolio of other exploration properties in the Deseado Massif including the Corina Project on the northern boundary of Yamana Gold's Cerro Moro property and the 11,000-hectare 2G's Project. yamana Gold inc. [YRI-TSX; AUY- NYSE; YAU-LSE] has interests in two producing gold mines and the devel- opment-stage Cerro Morro gold-silver project. The 100%-owned Gualcamayo Mine produced 127,811 oz gold in the first nine months of 2015, compared to 134,404 oz gold in the same period of 2014. Alumbrera (12.5% interest – Glencore 50%/Goldcorp 37.5%) produced 15,969 oz gold in the nine months of 2015, com- pared to 25,946 oz gold in the same period of 2014. A production decision has been made for the Cerro Morro open pit and under- ground mine in the Patagonia region where capital expenditures are expected to be approximately $25 million for 2015 comprised of costs related to detailed engineering and pre-development. Expenditures for 2016 are expected to be $56 million. A feasibility study was based on annual production in the first three years of 135,000 oz gold and 6.7 million oz silver, with annual production averag- ing about 102,000 oz gold and 5 million oz silver over an initial eight-year mine life at a throughput of 1,000 tpd. n