We are excited to share that Hochschild Mining has announced a significant milestone with their Mara Rosa Mine in central Brazil reaching commercial production in mid-May. During the second quarter of 2024, the mine produced 13,291 ounces of gold.
Lavras Gold holds a 2% Net Smelter Return (NSR) royalty on 65,000 hectares of exploration ground surrounding the Mara Rosa Mine. While the areas under our royalty are not yet part of Hochschild’s current production plan, according to their plan, they are moving in that direction.
We extend our congratulations to Hochschild Mining on their successful quarter and continued advancement of the Mara Rosa Mine toward its stable throughput of 8,000 tonnes per day and 100,000 ounces per year for the first 4 years of production. This progress not only underscores the value of Lavras’s strategic royalty but also marks a promising future for gold production in central Brazil.
Read Hochschild’s full press release here: https://lnkd.in/gGMjQpnz
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