GMIN exports first doré bars from Tocantinzinho
TSX-listed G Mining Ventures (GMIN) has completed its first exports of doré bars from the Tocantinzinho mine, in Brazil, to a refinery in Switzerland.
The project remains on time and budget for commercial production in the second half of 2024.
“Our first shipments of gold mark another milestone for TZ, and the state of Para in particular, as this shipment represents the first export from a large-scale, modern gold mining operation in the state.
“With construction officially completed, we kept lost-time injury to only one in more than 5.6-million person-hours worked. I want to congratulate the team on a tremendous safety record,” said president and CEO Louis-Pierre Gignac.
The start of production coincides with an environment of record high gold prices, where every ounce sold by GMIN was in excess of $2 400/oz, significantly above budget.
The definitive feasibility study contemplates a 10.5-year mine life with an average gold production of 175 000 oz/y with an initial capital cost of $458-million.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation