Yamana receives expansion permit for Jacobina
Canadian gold miner Yamana Gold has received the permit at its Jacobina mine, in Brazil, to expand throughput to 10 000 t/d, marking not only a significant milestone in the Phase 2 ramp-up to 230 000 oz/y, but also facilitating the future Phase 3 expansion to bring production up to 270 000 oz/y.
The company reported that it would immediately begin to ramp up throughput to the Phase 2 rate of 8 500 t/d, from the previously permitted rate of 7 500 t/d. The Phase 2 objective of 8 500 t/d would be achieved by the second quarter of 2022 – about a year earlier than originally planned, Yamana reported on Monday.
The miner also stated that it had simplified its approach for the Phase 2 expansion, which reduced capital expenditure, increased energy efficiency and derisked the project. The capital costs for the Phase 2 expansion were estimated at $20-million, of which $15-million would be spent next year.
Engineering for the potential Phase 3 expansion was advancing in parallel with Phase 2, with a feasibility study for Phase 3 to be completed in 2023.
Meanwhile, Yamana reported that it expected to exceed its 270 000 gold-equivalent ounce (GEO) guidance for the fourth quarter and that its yearly production guidance of one-million GEOs would also be exceeded.
Fourth-quarter costs were tracking to be the lowest of the year. All-in sustaining costs (AISC) were forecast to be $980/GEO or lower, which the company noted was 7% below the AISC reported for the prior three quarters.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
