Australia-based Myanmar Metals said Monday that its 51%-owned Bawdwin polymetallic project in Myanmar could kick off production as early as 2021, based on a prefeasibility study into a starter pit, industry website mining.com reported.
Bawdwin, which in a first phase of operations would be running for 13 years, will be the world’s No. 3 producing lead mine and the tenth largest silver operation It’s also set to become a significant zinc producer.
Capital costs were put at $267 million, including $33 million contingency with operating costs estimated at $108 per processed tonne. The mine will process about two-million tonnes a year of ore to produce 118,000 tonnes of lead-in-concentrate per year, more than 10-million ounces of silver-in-concentrate and 49,000 t/y of zinc-in-concentrate, according to the report.