With an investment of US$206 million, construction of Velardeña began in 2010 and was concluded at the end of 2012. With commercial operations launched in May 2013, the mining unit has achieved very satisfactory output, in fact, surpassing its original design capacity, which was expanded in a two-stage optimization project performed in 2018 and 2019.

The plant is equipped with state-of-the-art sustainable technology, including solar panels, LED lighting, water treatment plants and a dome to store the stockpile from the mine.
Thanks to the output of this mine, Durango ranks among the top three zinc-producing states in Mexico.

Key Information

  • Location: Cuencamé, Durango
  • Ownership: 100% Peñoles
  • In operation: 2013-to date
  • Facilities: Underground mine and beneficiation plant
  • Production: Primarily zinc. Produces three types of concentrates: zinc, lead and copper
  • Type of deposit: Skarn with disseminated and semi-massive sulfides
  • Installed capacity: 2.8 million tons/year of milled ore
  • Used Capacity: 100%*
  • Reserves: 31.0 million tons of ore*
  • Mine life: 11 years*
  • Employees: 797*

* Figures to December 2023

Production in 2023

2,801 kton

Ore milled

-0.2% with respect to the previous year

4,494 oz


+14.7% with respect to the previous year

591 koz


-29.4% with respect to the previous year

2,595 ton


-44.4% with respect to the previous year

81,066 ton


-6.3% with respect to the previous year

2,923 ton


+21.8% with respect to the previous year
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