Guyana Goldfields Expanding its Aurora Gold Mine in Guyana
Guyana Gold is initiating work to increase plant processing capacity at its Aurora gold mine in northern Guyana from 5,600 metric tons per day (mt/d) to 8,000 mt/d. Annual life-of-mine gold production will increase to more than 200,000 ounces per year (oz/y) beginning in 2018, with annual gold production expected to peak at 303,000 oz in 2021.
Head grade to the mill will average 3.02 grams/mt gold over the life of the mine. Cash costs are forecast to average $612/oz, including royalties. All-in sustaining costs are forecast to average $747/oz.
The Aurora project poured its first gold in early August 2015 during the course of plant commissioning and reached commercial production on January 1, 2016. Production during 2017 is forecast at 171,000 oz.
Teck, Goldcorp Reactivate Major Project in Chile
A deep restructuring process led Goldcorp and Teck to carry out its most ambitious project in the Atacama region (northern Chile) through New Union SpA. This is a new company formed by Relincho Bermuda Ltd., AUR QB Ltd., Minera Goldcorp Chile SpA and Datawave Sciences Inc., which will seek synergies between the El Morro and Relincho projects.