The Caraiba operations, located 385 km northwest of the state capital of Salvador are made up of the Pilar and Vermelhos underground mines and the Surubim open pit mine.
At Xavantina, formerly known as the NX gold mine, about 670 km east of the capital city of Cuiaba, production last year reached 42,669 oz. of gold, above the previous guidance of 39,000 to 42,000 ounces. Gold production in the fourth quarter was driven by higher processed grades of 10.2 grams gold per tonne, the company said, roughly a 20% increase in process grades from the previous quarter.
Ero Copper also issued guidance for 2023 and expects Caraiba to produce 44,000 to 47,000 tonnes of copper in concentrate at an average C1 cash cost of between $1.40 and $1.60 per lb. of copper produced.
Gold production is forecast to reach 50,000 to 53,000 oz. at average C1 cash costs of between $475 and $575 per ounce. All-in sustaining costs are expected to come in at…
