Altiplano Metals Inc. Announces Update on Development of Underground Mine at Santa Beatriz

Strategic Insights -

Altiplano Metals Inc., a growing gold, silver, and copper company, has provided an update on the development of the underground mine at Santa Beatriz, a historic underground copper-gold mine located in Chile. The company has engaged Andes Core Mining (ACM) to provide technical support for the underground development, with a two-year agreement that includes mine engineering and development at a cost per tonne in mineralized zones and waste material from development of ramps and ventilation structures. The project aims to produce copper, gold, and iron concentrate at the El Peñón processing plant, with operations expected to begin in late July and a target to intersect the vein structure by August 28. First shipment to the processing plant is anticipated in early September, with an expected 3,000 tons/month in the first 4 months and increasing to 5,000 tons/month in the following 6 months.

Key Takeaways:

  • Altiplano Metals Inc. has engaged Andes Core Mining (ACM) to provide technical support for the underground development at Santa Beatriz, with a two-year agreement that includes mine engineering and development.
  • The project aims to produce 3,000 tons/month in the first 4 months, increasing to 5,000 tons/month in the following 6 months.
  • The mined copper/gold/iron mineralized material will be used to support the production of copper/gold and iron concentrate at El Peñón.
  • Operations are expected to begin in late July, with a target to intersect the vein structure by August 28.
  • First shipment to the processing plant is anticipated in early September.
  • Andes Core Capital, a team of geology, engineering, construction, operations, and maintenance professionals, will provide technical and maintenance support for the El Peñón processing facility.
  • President and CEO Alastair McIntyre comments, "We are very excited to partner with Andes Core Mining who bring considerable mining and processing expertise to our business."

Statistics:

  • 3,000 tons/month expected in the first 4 months of development, increasing to 5,000 tons/month in the following 6 months.
  • 75m ramp to be installed at the 414m entrance, with a 15% decline to intercept the 400 m level.
  • First shipment to the processing plant anticipated in early September.
  • Expecting to intersect the vein structure by August 28.
  • Initial extraction permit application made, with plans to expand to 5,000 tonnes.
  • ACM to provide technical and maintenance support for the El Peñón processing facility.

Sources:

  • Altiplano Metals Inc. press release, July 22, 2025
  • Andes Core Capital website (www.andescm.com)
  • Metals Group website (www.metalsgroup.com)
  • TSX Venture Exchange