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Hochschild hits commercial production at its first Brazil mine

Hochschild Mining CEO Eduardo Landin

Hochschild Mining CEO Eduardo Landin

14th May 2024

By: Creamer Media Reporter

     

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Precious metals company Hochschild Mining has achieved commercial production at the Mara Rosa gold mine – its first operation in Brazil.

During May, the Mara Rosa processing plant has operated at an average throughput of 90% of its nameplate capacity of 7 000 t/d and exceeded 80% average recoveries.

The ramp-up is on schedule to be completed in the first half and gold production is expected to continue to increase in the third and fourth quarters of 2024, with the mine on track to produce between 83 000 oz and 93 000 oz of gold this year.

Over the first four years of operating, Mara Rosa is forecast to produce an average of 80 000 oz/y at an all-in sustaining cash cost of A$950/oz to A$1 000/oz.

“This brings a new jurisdiction to the company and provides a springboard for further low-cost growth in Brazil,” said CEO Eduardo Landin.

The company recently announced the securing of an option to acquire 100% of Cerrado Gold’s Monte Do Carmo (MDC) gold project in the state of Tocantins.

This low-cost opportunity will follow the blueprint established at Mara Rosa and, if the option is exercised, MDC will provide the company with a further source of growth, also with a compelling cost profile.

 

Edited by Creamer Media Reporter

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