The British company Hochschild Mining PLC (LON: HOC) (OTC: HCHDF) had its first gold pour at Brazil’s Mara Rosa mine this week and will commence with commercial production by the end of H1.
The operation, located in the state of Goias, is expected to produce about 88,000 ounces this year with all-in sustaining costs around US$2,005 per ounce. A 2018 pre-feasibility study indicated that the site contained about 1.1 million ounces of proven and probable gold grading at 1.4 g/t Au.
“The first pour is a testament to the hard work done by all our employees, contractors and local communities who have enabled us to construct this exciting operation on schedule and on budget,” Chief Executive Officer Eduardo Landin said.
Mara Rosa’s first gold. Photo credit: Hochschild
Mining precious metals since 1964
In addition to Mara Rosa, Hochschild has three underground gold and silver operations in Peru and Argentina. The company has…
