Pinos Altos is Toronto-based Agnico-Eagle Mines Limitedâ∈™s first mine in Mexico, and has the potential to become one of the companyâ∈™s largest gold producers. The 100%- owned Pinos Altos operation is located in the Sierra Madre mountain range of northern Mexico, 220 km west of the state capital, Chihuahua, and approximately 2,000 m above sea-level. A permanent camp has been built in the village of Cahuisori, 6 km from the mine site, including employee accommodations and offices. Pinos Altos had more than 728 permanent employees at end of 2009.
Mining will be from a series of open pits starting with Santo Nino, as well as an underground mine and a number of nearby, stand-alone satellite open pit-heap leach operations, starting with Creston Mascota in 2011. Average annual production from Pinos Altos is anticipated to be about 170,000 oz of gold and 2.5 Moz of silver through the year 2028.