Production Advances at the Martha Mine in Argentina
While Hunt Mining may be Argentina’s newest silver and gold producer, this is hardly an overnight success story. The company’s operating experience in the region dates back more than a decade, to 2006. For more than 10 years, Hunt Mining has been an active, aggressive explorer and developer of gold and silver in Santa Cruz. Hunt Mining has invested more than $55 million in developing the province’s second-largest mining package — with 670 square miles, or 173,775 hectares, in mining concessions.
“Hunt staff have been directly responsible for the discovery of five precious metal deposits and our people are experienced in grassroots discoveries, project development and mine production,” said Tim Hunt, president, CEO and founder of Hunt Mining. Hunt Mining purchased the Martha mine from Coeur in May 2016.
Hunt entered into an offtake agreement with Ocean Partners USA Inc. during December for the delivery for the Martha mine’s gold-silver concentrate. Under the terms of this agreement, Hunt will deliver concentrate with a gold range of 30 to 70 grams per metric ton (g/mt) dry and a silver range of 30,000 to 100,000 g/mt dry to Ocean Partners’ smelter customers overseas.