El Mochito
MMX Interest: 25% silver stream for ongoing payment equal to 25% of the silver price
MMX Metal Exposure: Silver (Ag)
Location: Las Vegas, Honduras
Operator: Kirungu Corporation
Status: Paying
Asset Information
- Long mine life (10+ years) with meaningful expansion and optimization plan
- Attractive exploration potential with a significant land package of 10,000 hectares
- A Preliminary Economic Assessment published in October 2018 outlined a 10 year mine life and a plan to optimize and increase throughput by 27% to 2,800 t/d
- In April 2020, El Mochito was sold to Kirungu, a privately owned company
- Since being acquired, El Mochito has been steadily improving, reaching production milestones in 2020 and 2021