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8 Pages

Cañariaco Norte copper mine project

Cañariaco Norte copper mine project

Report summary

Cañariaco Norte is a pre-feasibility stage project located in northern Peru's prolific mining district approximately 700 km northwest of Lima, the capital of Peru, and approximately 110 km to the northeast of the city of Chiclayo.

What's included?

This report includes 2 file(s)

  • Cañariaco Norte copper mine project PDF - 542.99 KB 8 Pages, 2 Tables, 1 Figures
  • Cañariaco Norte copper mine project XLS - 527.50 KB


This Copper Metals Mine report provides a detailed analysis of the cost profile, geology, reserves and future production for this mine, as well as a detailed location map.

Copper producers, advisors and financial companies can use this report to better understand asset value and efficiency of the operation. It will also help you benchmark against similar mines, identify acquisition opportunities and examine evolving cost structures to strengthen business strategies.

Wood Mackenzie's cost methodology is the established global industry standard, relied on by the world’s leading investment banks and mining companies to make strategic, operational and investment decisions.

Our analysts are based in the markets they analyse, working with high-quality proprietary cost databases and cost curve analyses to write consistent and reliable insights. Our database includes over 2,450 asset analyses covering more than 1,000 companies worldwide.

  • Key facts
  • Summary and key issues
    • Summary
    • Cañariaco Norte is a pre-feasibility stage project located in northern Peru's prolific mining district approximately 700 km northwest of Lima, the capital of Peru, and approximately 110 km to the northeast of the city of Chiclayo. Travel time from the project site to Chiclayo is currently a 149 km, 6-hour trip. Elevation in the project area ranges between 2,700 and 3,600 masl.
    • The project currently consists of 16 mining concessions, covering a total area of 13,400ha and four Jehumarca claims, of 3,600ha, for a total project area of 16,390 ha. Additional exploration potential remains within the Project area; two drill holes at Cañariaco Sur have intersected copper mineralization in a porphyry setting within a large copper–gold–silver–molybdenum geochemical anomaly, and an extensive copper–gold–silver–molybdenum geochemical anomaly remains to be drill tested at Quebrada Verde.
    • Key issues
    • Given the high levels of arsenic in some areas of the deposit, the project includes a roasting plant through which the copper concentrate will be processed to lower the arsenic content to non-penalty limits. As a by-product of the roasting, the operation will produce sulphuric acid.
    • On July 23 2012 the Cañaris community voted in favour of granting surface access to the Company for resumption of exploration and feasibility drilling at Cañariaco for a period of three years.
    • However on September 30 the new president of the Cañaris community called for a new vote where 95% of the voters (around 650 people) allegedly voted against the project. Candente resources and the Peruvian government stated that this poll was not valid and did not represent the opinion of the community as a whole.
    • The accompanying analysis conservatively assumes production begins in 2025.
  • Location maps
  • Geology
  • Reserves and resources
  • Costs
    • Operating
    • CAPEX
  • Operations
    • Mining
    • Process
  • Fiscal and regulatory
    • Royalties
    • Community relations
  • Timeline

In this report there are 3 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Detailed map
  • Geology
  • Reserves and resources
    • Reserves and resources: Table 1
  • Costs
  • Operations
  • Fiscal and regulatory
  • Timeline
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