G Mining has achieved first gold at its Tocantinzinho mine in Brazil on time and on budget, and just 22 months on from receiving its go-ahead for construction.
The first pour at the complex in Para State yielded approximately 440 ounces of gold.
The Canadian miner said it is now looking forward to commercial production and a subsequent ramp-up to nameplate plant capacity of 4.7 million tonnes per year in the second half of this year. It has more than 2.6 Mt of ore, containing over 78,000 gold oz., mined and stockpiled ahead of the processing plant ramp-up.
Once in commercial production, TZ will become Brazil’s third-largest primary gold mine.
“This milestone is a testament to the strength of our self-perform approach and demonstrates our competitive advantage,” President and CEO Louis-Pierre Gignac said.
“I look forward to ramping up the operation to commercial production in the second half of 2024. We are excited about TZ’s future and its significant role in Brazil’s gold mining industry.”
Tocantinzinho is considered to be G Mining’s flagship project.
Source: www.gmin.gold