Canadian mining company, G Mining Ventures (GMIN), has successfully completed the first gold pour at its Tocantinzinho Gold Project in Brazil’s State of Pará. The inaugural pour yielded around 440oz of gold, signaling a promising start for the project, which remains on track for commercial production in the second half of 2024.
The Tocantinzinho Gold Project is anticipated to become Brazil’s third-largest primary gold mine once it begins commercial operations. Construction of the project, which is wholly owned by GMIN, commenced in September 2022 following a definitive feasibility study earlier that year. The study highlighted the project’s potential to be a “cornerstone asset” for the company, projecting a mine life of 10.5 years with an average annual gold production of 175,000oz.
Since the commencement of hot commissioning in June, approximately 77,000 tonnes of ore have been processed through the Tocantinzinho process plant, with nearly 2.6 million tonnes of ore stockpiled by the end of June. This includes low-grade and high-grade stockpiles with varying gold grades.
G Mining Ventures’ president and CEO, Louis-Pierre Gignac, expressed his delight at achieving the milestone of the first gold pour in less than two years since the start of construction. He credited the successful and timely completion to the dedication of the company’s employees and contractors, emphasizing their contributions to the project’s success.
Looking ahead, Gignac is optimistic about the future of the Tocantinzinho Gold Project and its role in Brazil’s gold mining industry. As the project gears up towards commercial production in 2024, the company is poised to make a significant impact on the country’s mining sector.
