Orinoco has produced the first gold from its 70%-owned Cascavel mine in central Brazil.
The company said that this was a trial gold pour using some of the concentrate produced at the time of ongoing plant commissioning phase, derived from low-grade development material.
Go deeper with GlobalData
The trial has been designed to commission the gold furnace and test fluxing requirements for smelting.
Orinoco’s Cascavel gravity processing plant, which is currently running on a 24-hour basis, is continuing to process stockpiles of low-grade development material.
High-grade parcels of ore from production stopes are expected be processed over the next few weeks and assayed as Orinoco commences its production ramp-up.
Orinoco managing director Mark Papendieck said the first gold pour marked a milestone for the company and its shareholders.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataPapendieck said: “It marks the beginning our transition to commercial gold miner and vindicates the faith and commitment which our shareholders, investors, financiers and supporters have placed in the Company over a number of years.
“The start of production and cash-flow marks a huge milestone for Orinoco and I would like to take this opportunity to thank everyone who has assisted us to get to this point.”
The Cascavel gold mine lies within Orinoco’s 70%-owned Faina Goldfields project in the State of Goiás and is currently operating with a gravity-only processing circuit.
Orinoco’s current focus at Cascavel is on expanding production of the existing mine and continuing to prove the extensions to the Cascaevl mineralisation.
