Jaguar Mining has announced the successful recommissioning of Mill #3 at its Turmalina Gold Mine in Minas Gerais, Brazil.
Reconstruction of Mill #3 started last April with an estimated capital cost of $1.34m, which Jaguar funded from its operating cash-flow.
The renovated mill now holds a capacity of 1,600tpd, equal to 580,000tpa.
Jaguar Mining president and CEO Rodney Lamond said: “Jaguar has achieved another significant milestone with the recommissioning of Mill #3, which will increase daily processing capacity of the plant to 2,000t per day.
“We expect that the increase in process tonnage and lower operating costs for Mill #3 will positively impact Turmalina's unitary costs.
“Mill #1 and Mill #2 are being reviewed for maintenance and will be kept on standby as a part of Turmalina's long-term, organic growth strategy, and other opportunities in the Iron Quadrangle."
The company claimed that Turmalina will be able to achieve the entire throughput capacity of the plant using only Mill #3 at a lower operating cost.
Mill #1 and Mill #2 at Turmalina currently have stopped production for maintenance.
Canadian company Jaguar Mining operates three gold mining complexes in Brazil.
Most of its assets are in the Iron Quadrangle in Minas Gerais state that hosts Turmalina Gold Mine Complex and Caeté Gold Mine Complex.
The combined annual production of these two complexes is more than 90,000oz of gold.