Owns and operates Cerro Colorado gold mine, Sonora state, Mexico, including an open-pit heap-leach gold operation. Construction was underway to increase production to 30,000 oz. per annum by late 2009, for a mine life of 8.3 years. Measured and indicated resources were 9,706,000 tonnes grading 0.55 g/t gold at January 2009. Also holds San Martin silver-gold prospect, 2,790 hectares, Sinaloa state, Mexico.