G Mining Ventures has declared commercial product at its Tocantinzinho gold mine in Para state, Brazil, both on time and on budget, in less than two years.
During August 2024, the mill operated at 76% of nameplate throughput, processing a total of 304,312 ore tonnes (9,817 t/d) at a recovery rate of 88%.
Tocantinzinho is engineered to have a 10.5-year mine life with an average annual gold production of 174,700 ounces, and an average annual gold production of 196,200 for the first five full years.
It is expected to reach nameplate throughput by the first quarter of next year.
“We have delivered TZ on time and on budget, with an industry-leading safety record,” president and CEO Louis-Pierre Gignac said.
“This achievement is the culmination of 5.8 million person-hours focused on building, testing and ramping up production at Brazil’s newest major gold mine.”
Source: https://www.gmin.gold