G Mining has kicked off hot processing at its Tocantinzinho gold complex in the Para state of Brazil as the overall project reaches 97% completion and it remains on target for a 2H24 start.
The miner said that, as it progresses toward that commercial production date, it has stockpiled 2.0 million tonnes of ore ahead of schedule and is building a crushed ore stockpile as well.
Ore was introduced into the grinding circuit on June 10, the company confirmed, after it received the hot commissioning permit from the Pará State Environmental Agency, SEMAS. The commissioning permits allow for the mining and processing of ore, disposal of tailings as well as the selling and exporting of gold.
“Less than two years after the formal construction decision, TZ is on track to commence gold production imminently, as planned,” CEO Louis-Pierre Gignac said.
“This is a testament to the outstanding achievement of our team in executing our proven self-perform approach. Once at a steady state, TZ is poised to become Brazil’s third-largest primary gold mine.”
G Mining wholly owns Tocantinzinho, which is set to produce approximately 175,000 ounces of gold annually over its initial 10.5-year mine life.
Source: G Mining