Mina Tucano
Aiming to return to 100,000oz+ gold production p.a. and 1,000 staff
Mina Tucano is an open pit gold mining operation, fully equipped with a modern 10,000 tpd gold plant and sizeable resources. Up until 2020 it was producing 120k+ oz Au p.a. at grades of 1.2 - 1.4 g/t. Production restart is planned for Q1 2024.
Since the inception of Mina Tucano the focus has been on open pit mining but the plan is to begin underground mining in late 2024 at the exciting Urucum North project with estimated grades of 4 to 5 g/t.
Mina Tucano holds a 100% interest in the Tucano gold mine hosted on a 1,973 square kilometre land package on the highly prospective Vila Nova Greenstone Belt of the Guiana Shield. The operation includes a state of the art 3.5 Mtpa CIL plant and has produced over 1.5 million ounces since it was opened in 2005.
Infrastructure - Summary
10,000 tonnes per day plant
Excellent working condition
High gold recoveries of 92-93%
TSF with spare capacity
200-man camp
Aircraft landing strip
Full mechanical infrastructure
Open Pits
8 open pits in total
Mining to resume in Q1 ’24
Large Exploration Potential
Low grade stockpile processing Q4’23
Underground
Significant UG studies already completed by previous owner
29,000 metres drilled for reserve conversion since 2020
High-grade feed for the plant
Plan to start u/g mining in 2024
Potential to grow to 3+Moz
Resource & Exploration
Total resource estimate 1.8 Moz M,I&I
Multiple targets identified for further exploration
Only a small fraction of the 2,000 km² Tucano interest area has been mined
Potential has been shown for additional multi-million ounce gold deposits