G Mining Ventures has received the operational licenses for its Tocantinzinho gold project in the State of Pará, Brazil – the last remaining permitting milestone for commercial operation.
The miner said the project remains on time and budget for commercial production in the second half of 2024.
“This final step in the regulatory approval process for [Tocantinzinho] is a testament to Brazil’s mining-friendly business environment, its well-structured permitting process and our team’s commitment to excellence in everything we do,” said Louis-Pierre Gignac, president & CEO.
“I am thrilled by the achievement of this major milestone and continue to be excited as I witness the steady progress being made in commissioning the plant allowing us to achieve commercial production in the very near term.”
The licenses received from the Pará State Environmental Agency, Secretaria de Estado de Meio Ambiente e Sustentabilidade (SEMAS), include the operating license for mining, processing plant, tailings facilities and the new airstrip. Receipt of these licenses marks the successful completion of all project construction activities and authorizes the mine to commence operations at full capacity.
Source: G Mining Ventures