Precious metal miner Hochschild Mining has reached commercial production at its Mara Rosa gold operation in Goias, Brazil. The milestone was met 13 May. During this month, the Mara Rosa processing plant operated at an average throughput of approximately 90% of its nameplate capacity of 7,000 tonnes per day and exceeded 80% average recoveries. The ramp-up is on schedule to…
Read More
Hochschild Mining has terminated its option to earn-in a 60% interest in Skeena Resources’ Snip gold project in British Columbia, Canada. Full story.
Read MoreHochschild Mining has confirmed it has been granted a key environmental permit authorization for the construction of a processing plant at its Mara Rosa gold project in the Goiás state, Brazil, along with mine pre-stripping activity. The Goiás state’s environmental authority the State Secretariat for the Environment and Sustainable Development (SEMAD)’s permit also allows construction of all the required site…
Read More
Canadian-based, Brazil-focused producer Amarillo Gold has confirmed it has signed a plan of agreement to be acquired by Hochschild Mining in a share deal worth US$105.8 million. Under the terms of the transaction, Hochschild will acquire all outstanding shares of Amarillo for cash consideration of $0.31 and one share of a new fellow Brazil-focused exploration company, Lavras Gold. Lavras, which will…
Read More