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Construction|Environment|Export|Gold|Mining|PROJECT|Refinery|Safety
Construction|Environment|Export|Gold|Mining|PROJECT|Refinery|Safety
construction|environment|export|gold|mining|project|refinery|safety

GMIN exports first doré bars from Tocantinzinho

16th August 2024

By: Creamer Media Reporter

     

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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. 

Edited by Creamer Media Reporter

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