Permit approved for Hochschild Mara Rosa plant, pre-stripping

Hochschild 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…

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Hochschild Mining to acquire Amarillo Gold

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…

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