Teck Resources and Agnico Eagle Mines Celebrate Success of San Nicolás Copper-Zinc Project Joint Venture
The Partnership
Teck Resources and Agnico Eagle Mines have recently celebrated the success of their joint venture by giving updates on the San Nicolás Copper-Zinc Project. The partnership established in 2017, with Teck being the majority holder of the project, and Agnico Eagle Mines holding 40% of the interest.
The San Nicolás Project
Located in Zacatecas State, Mexico, the San Nicolás project has been in development since the mid-2000s. After persevering through several delays and challenges, the project finally began construction in 2019.
Key Milestones
Teck and Agnico Eagle Mines announced that construction at the site is more than 50% complete; and they expect production to start in late 2022. Moreover, they announced that the overall project is on track, and they have already begun recruitment operations for the mining workforce.
Positive Year for the Partnership
2020 was a positive year for the partnership, despite the pandemic. The project construction remained on schedule, and they were able to complete several crucial infrastructure milestones. Moreover, the strong copper and zinc markets have provided a financial boost to the project, with the metal prices hitting new highs.
Future Plans
Looking to the future, the partnership is focused on the successful completion of the San Nicolás project. They will continue to invest in the site, with further exploration to expand the life of the mine beyond the currently identified resources. Furthermore, they remain committed to ensuring the project’s environmental, social and governance standards, and strive to develop a sustainable mine.
Hashtags
#TeckResource #AgnicoEagleMines #SanNicolásProject #CopperZincProject #JointVenture
Summary:
Teck Resources and Agnico Eagle Mines have celebrated the progress made by their joint venture in the San Nicolás Copper-Zinc Project in Mexico. Despite pandemic-related delays, the project remains on schedule, and recruitment of workers has already begun, positioning the site to start production at the end of 2022. The partners aim to expand the life of the mine and develop a sustainable operation. #NEWS
