TSX- and NYSE-listed Yamana Gold says its Phase 2 expansion project for the Jacobina mine, in Brazil, has reaffirmed the mine as a low-cost and long-life asset with significant value.
The Phase 2 expansion plan builds on the success of the company’s Phase 1 optimisation project, which targeted a sustained throughput of 6 500 t/d and yearly production of 175 000 oz.
Phase 2 outlines an increase in throughput to 8 500 t/d, which will be achieved through the installation of an additional grinding line and incremental upgrades to the crushing and gravity circuits.