The Mochito mine is located in northwest Honduras, near the town of Las Vegas (view map). The closest major city is San Pedro Sula, the commercial centre of the country, approximately 88 kilometres northeast of the mine.

The Mochito mine was originally discovered in 1938. In 1943, Rosario Resources Corporation purchased the property and production began in 1948. In September 1987, American Pacific Mining Corporation (AMPAC) purchased the mine and in March 1990, Breakwater acquired AMPAC.

The Mochito mine is accessed by an 870 metre service shaft and a 780 metre production shaft. Mochito utilizes a combination of mining methods dependent upon the size, geometry and geotechnical considerations of the various zones. Mechanized Post Pillar Cut and Fill is the predominant mining method used in chimney type settings throughout Mochito but is also used in Manto areas where possible. Post Pillar Open Stoping is used in shallow dipping mantos where the height of the zone is no more than 2 cuts. Conventional narrow vein cut-and-fill and shrinkage stoping is practiced in the higher-grade areas throughout the upper mine.