Pino Alto Silver Mine
Restarting a dormant, proven silver mine
Property Details
| Location |
Mexico |
| Commodities |
Lead, Silver, Zinc |
| Deposit Type |
Hard rock |
| Mining Phase |
Development |
| Asking Price |
$35,000 USD |
| Available Terms |
For Sale |
| Listing Tier |
Featured |
| Market Status |
Listed |
Summary
We are restarting a dormant silver mine in Mexico, which was hand-mined in the past, with a grade of 900g of silver per tonne. We own all the equipment needed to mine and we will be mechanizing & scaling the operation to 15 tonnes per day; 50+ years worth of mining on the vein; 100+% ROI annually.
Location and Access
The mine is located just outside the town of Zimapan, in the state of Hidalgo, Mexico.
Description
Cinzano is a junior mining company in Mexico and has obtained exclusive mining rights to this dormant silver-lead-zinc mine in the mining-friendly state of Hidalgo.
The vein is a polymetallic, sulfide vein that is visible on surface for 400 meters of the concession. The vein is approximately 1km in depth and the grade will stay consistent throughout because it is a sulfide. The vein was mined by hand in the past, with only a small portion of the vein having been mined (approximately 50 meters down and 100 meters horizontal). The mine contains a minimum of 250,000 tonnes, enough for 50+ years of mining at 360 tonnes per month. We are operating on the assumption of an average grade of ore of 900 grams silver, 9.4% lead, 2.9% zinc per tonne.
We have all the equipment that we need on the site, including scooptram, mining truck, drills, compressor, crushing assembly, etc. We will build a processing plant outside the mine for fast and efficient milling. The mine infrastructure, including an adit (tunnel) to the vein. A little bit of work still needs to be done on the adit which will take roughly 1 month.
Annual profits, after tax, are projected to be approximately $3.2m, once we are fully established, at current tonnage rate and price of metals.
We currently looking for a little extra funding to see us through to steady cashflow. We are selling 3 shares (3%) in Cinzano for $105,000 USD. There are 100 shares in the company. The minimum investment is $17,500 USD for 0.5% equity. This equity position is in the company and therefore extends to any and all projects and properties that Cinzano establishes, not just Pino Alto. The equity position is also in-perpetuity so dividends will be paid for the entire lifespan of our operations. The investor can expect approximately $32,000 USD annually (at 15 tonnes per day) as a dividend payment when the mine is fully operating and at current prices of the metals. The equity position is also in the company itself and not this one single project, therefore the equity extends to all other activities and projects that Cinzano is involved in.
×
❮
❯
Browse More Mining Properties