Scorpio Mining Corporation (TSX:SPM) is a Canadian-based silver producer with significant base metal by-product credits. The 100% owned Nuestra Señora Mine in the Cosalá District of Sinaloa State, Mexico, has flexible mining methods and diversified metal production. It has a fully mechanized underground operation and a processing facility with capacity for expansion to 4,000 tonnes per day. The plant produces zinc, copper and lead concentrates - two of which contain a significant silver component that contributes over 55% of the revenue from metal payable.
Scorpio's opportunity for growth lies within the Cosalá District, where Scorpio controls over 26,000 hectares covering multiple exploration targets, advanced deposits and historically producing mines. They include the recently operating La Verde silver-copper mine and the El Cajón silver-copper-gold and San Rafael silver-lead-zinc-copper-gold deposits, both having NI 43-101 compliant mineral resources. Outside of Cosalá, Scorpio holds two advanced, high-grade silver properties in the Parral District of Chihuahua and Durango States. The Company continues to focus on internal growth through development of its deposits and aggressive exploration programs.
The Company benefits from an exceptional management team with extensive international, project and operational experience. Together with its dedicated Board of Directors, Scorpio Mining maintains a commitment to operational excellence and maximizing shareholder value.
As of December 31, 2012, Scorpio Mining holds approximately 11.3 million shares of Scorpio Gold Corporation (TSXV:SGN). Scorpio Gold is in production at 70% owned Mineral Ridge Gold Mine located in Esmeralda County, Nevada.