The project remains on schedule and within budget for commercial production in the second half of 2024.
“This shipment represents the first export from a large-scale, modern gold mining operation in the state,” said G Mining CEO Louis-Pierre Gignac.
The start of production coincides with record-high gold prices, with every ounce sold by G Mining fetching over $2,400 per ounce, significantly above budget.
Since the start of hot commissioning on June 11, 2024, approximately 77,000 tonnes of ore have been processed through the plant at Tocantinzinho. The company also reported that approximately two million tonnes of ore have been stockpiled at the site.
Construction of Tocantinzinho was launched in September of 2022 following the completion of a definitive feasibility study dated February 9, 2022.
The property has direct access via 103 km of all-weather roads starting from the national highway, the BR-163, which links the…
