Morro Agudo
Mine
Zinc and Lead
Type
Open Pit and Underground Mine
Plant Capacity
3.4 ktpd
Ownership
100%
Location
Brazil
The Morro Agudo Complex consists of an underground and open pit polymetallic mine, wholly owned by Nexa Brazil, located in the state of Minas Gerais, Brazil, as well as three deposits along what is known as the Ambrosia Trend (Ambrosia Sul, Ambrosia Norte, and Bonsucesso). The Ambrosia Trend deposits are situated about 15 to 20km northeast of Paracatu.
Operations began in 1988 and, in 2023, the Morro Agudo mine produced approximately 23.2 thousand tonnes of zinc contained in concentrates and 8.3 thousand tonnes of lead contained in concentrates. The ore mill feed material is treated at a concentrate plant that has a processing capacity of 3.4 thousand tonnes per day.
| 2023 | 2022 | 2021 | ||
|---|---|---|---|---|
| Treated ore | kt | 1,293 | 1,017 | 982 |
| Grade | ||||
| Zinc | % | 1.99 | 2.06 | 2.05 |
| Lead | % | 0.86 | 0.85 | 0.73 |
| Production | metal contained | ||||
| Zinc | kt | 23.2 | 18.7 | 17.3 |
| Lead | kt | 8.3 | 6.2 | 4.7 |
| Silver | MMoz | 0.0 | 0.0 | 0.0 |
| Cash Cost, net of by-product credits | US$/t | 1,796.8 | 2,160.5 | 1,844.1 |
| Cash Cost, net of by-product credits | US$/lb | 0.82 | 0.98 | 0.85 |
| CAPEX | US$ mm | 3.0 | 6.8 | 7.6 |
In 2023, no exploratory drilling was carried out in the Morro Agudo area, and for 2024 no exploration activity is expected.
Morro Agudo does not currently have any estimated Mineral Reserves and is considered an exploration stage property under S-K 1300. Morro Agudo is not considered a material property for the purposes of S-K 1300.