Issue link: http://resourceworld.uberflip.com/i/990287
J U N E / J U L Y 2 0 1 8 www.resourceworld.com 9 Secondary metals are molybdenum and sil- ver. Commercial production was achieved in April 2015. According to the company's recent guidance, HudBay is expecting the Peru operation to produce 95,000 to 115,000 tonnes of copper this year, down from 121,781 tonnes in 2017. HudBay also said its gold and silver equivalent production in Peru is expected to come in at between 65,000 and 85,000 ounces this year, up from 51,493 ounces in 2017. Lida Resources Inc., which has applied for a listing on the CSE, is planning to place two Peruvian mines into production. The San Vincent silver-lead-zinc mine, located near the below noted Cochavara Mine, is an underground operation with U/G development now underway. Lida also plans to put the 44.5%-owned Fruta del Sur gold-silver mine near the Ecuadorean border into production. Initial drilling has been completed with infill drilling now in progress. Newmont Mining Corp.'s [NEM- NYSE] Yanacocha operation is South America's largest gold mine. It is located in the province and department of Cajamarca, about 800 km northeast of Lima, and roughly 3,500 to 4,100 metres above sea level. The operation is a joint venture between Newmont (51.35%), Minas Buenaventura (43.65%) and the International Finance Corp. (5%). Yanacocha is expected to produce between 470,000 and 545,000 ounces this year (240,000–280,000 attributable to Newmont) at an all in sustaining cost of US $1,205 to US $1,275/oz. Newmont's South American produc - tion this year is expected to be between 615,000 and 675,000 ounces as its Merian Mine in Suriname delivers mine and mill productivity improvements that partially offset Yanacocha's lower production, resulting from lower grades and recoveries from deep transitional ore. Norsemont II Resources (private) placed its 100%-owned Cochavara silver (+lead and zinc) mine into production last December. Located about 500 km north - west of Lima, the underground mine is currently operating at 100 tpd which the company plans to increase to 500 tpd. Currently, ore is trucked to a custom mill; however, the company intends to either buy or build its own mill. Miramont Resources Corp. [MONT- CSE; MRRMF-OTCQB] holds options to acquire 100% interest in two projects in southern Peru situated within highly pro - spective mineral belts. Drilling at the Cerro Hermoso Project in the Puno Region will start shortly and will focus on three prior - ity targets outlined by extensive mapping and sampling. The property has a large mineral system with multiple targets and bulk tonnage potential. The Lukkacha Project is in the Tacna Region 50 km southeast from the operating Toquepala Mine of Southern Copper Corp. which has similar geology. Reconnaissance at Lukkacha revealed the property encompasses a large, zoned system of hydrothermal alteration typical of similar porphyry copper deposits. The primary target covers about 3 km 2 . A mapping and sampling program will be conducted over the project area. This work, coupled with a subsequent geophysical program, will lead to defining drill targets. Pan American Silver Corp. [PAAS- TSX, NASDAQ] recently suspended operations at its Huaron Mine due to road blockades instituted by members of the nearby Huayllay community. On May 10, PERU Exciting Resource and Production Growth in Peru and Mexico ZINC COPPER SILVER LEAD GOLD TSX: SMT NYSE American: SMTS BVL: SMT