{"id":1182851,"date":"2020-05-06T17:36:04","date_gmt":"2020-05-06T22:36:04","guid":{"rendered":"https:\/\/www.mining.com\/?p=1022993"},"modified":"2020-05-06T17:36:04","modified_gmt":"2020-05-06T22:36:04","slug":"yamana-foresees-31-increase-in-jacobina-output","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1182851","title":{"rendered":"Yamana foresees 31% increase in Jacobina output"},"content":{"rendered":"<p>Yamana Gold (TSX: YRI; NYSE: AUY) <a aria-label=\"said on Wednesday (opens in a new tab)\" href=\"https:\/\/www.yamana.com\/English\/investors\/news\/news-details\/2020\/Yamana-Gold-Provides-an-Update-on-Its-Phase-2-Jacobina-Expansion-Including-a-31-Increase-in-Production-Significant-10-Year-Free-Cash-Flow-Generation-and-Robust-Project-Economics-with-Low-Capital-of-57-Million\/default.aspx\"  rel=\"noreferrer noopener\">said on Wednesday<\/a> that the Phase 2 expansion of its Jacobina mine in Brazil could lead to significant increases in production and cash flow generation, reaffirming the mine as a &#8220;low-cost and long-life asset&#8221; with significant value.<\/p>\n<div class='ad-slot' id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {    googletag.display('div-gpt-ad-1561499308230-0');    googletag.pubads().addEventListener('slotRenderEnded', function (event) {        if (event.isEmpty) {            var id = event.slot.getSlotElementId();            var x = document.getElementById(id);            if(x == null) return;            if (x.parentElement.classList.contains('ad-slot')) {                x.parentElement.style.display = 'none';            }\t\t\t\t        }    });});<\/script><\/div>\n<p>The Phase 2 expansion project builds on the success of the company\u2019s Phase 1 optimization project, which targeted a sustained throughput of 6,500 t\/d and yearly production of 175,000 oz. This objective was achieved during the first quarter of 2020.<\/p>\n<p>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.<\/p>\n<p>Once complete, the company will ramp up gold production to 230,000 oz annually by 2023 at an average feed grade of 2.40 g\/t gold, representing a 31% increase compared with Phase 1.<\/p>\n<p>Total capital cost for the project is estimated at $57 million, of which $35 million relates to the processing plant, $14 million for underground mining and $8 million for infrastructure.<\/p>\n<p>Detailed engineering for the Phase 2 expansion is currently scheduled to start during the second half of the year, and would be completed by early 2023.<\/p>\n<p>The Phase 2 expansion project\u2019s prefeasibility study is based on the mine\u2019s current mineral reserves and includes a life of mine of 11.5 years from the start of 2020. It also cites an after-tax net present value (NPV) of $777 million, assuming a $1,250\/oz gold price.<\/p>\n<p>Currently, the Jacobina mine has a proven mineral reserve of 20 million tonnes grading 2.29 g\/t gold for a contained 1.5 million ounces.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company plans to ramp up gold production to 230,000 oz annually by 2023.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1182851"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1182851"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1182851\/revisions"}],"predecessor-version":[{"id":1182863,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1182851\/revisions\/1182863"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1182851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1182851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1182851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}