The Cuban government has approved a joint venture (JV) between state mining company Geo Minera SA and ASX-listed PanTerra Gold Investments, which will allow for the development of the La Demajagua gold/silver deposit.
PanTerra on Wednesday told shareholders that subject to successful feasibility studies, the JV company Minera La Victoria SA (MLV) would develop an openpit operation producing some 60 000 t/y of concentrate with an expected grade of 47 g/t gold and 380 g/t silver.