Sierra Valenzuela

Key Facts
  • Asset TypeProject
  • LocationChile

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Latest Information
  • 2008 Annual Report (Spanish)
    During 2008in the EL Porvenir Mining Unit,Investments Started in Order to Increase the Mineral Production Capacity to5,000Mtd. Cash Cost in EL Porvenir has Maintained its Leadership,Locating in a Worldwide Level in the Third Place of Companies With the Lowest Costs. Production Mainly Came From Stopes at Level -960. Concerning Mineral Resources,Exploration Programs Have Returned Positive Results. During the Year,Main Investments(US $16 .6Mlls)Were Applied on Workings of the Phase III Mine Deepening Process,and Other Investments in Mine Ventilation and Equipment Renewal. Part of the Investments Done During the Year Will Enable to Increase Production Capacity to6,000Tpd.
    On 2008-12-31
  • Acquisition of Ivan Mine & Sierra Valenzuela Properties Announced
    Acquisition of Ivan Mine & Sierra Valenzuela Properties Announced
    On 1999-10-29
  • Glamis Sells Ivan Mine for US$21Million -(Glamis )
    Glamis Gold has Sold the Ivan Copper Mine and the Sierra Valenzuela Copper Prospect,Both Located in Chile,to Compania Minera Milpo SA of Lima,Peru. the Total Purchase Price of the Transaction is US$21,078,973, all of Which was Paid in Cash to Glamis at the Closing Today. Glamis Acquired the Properties in March of This Year as Part of its Merger With Rayrock Resources,but Decided Earlier This Year to Divest These Assets and Maintain its Strategic Focus on Gold.
    On 1999-10-29