Monday, 17th March 2008 (2857 views)

Gold production has successfully got underway at the Anodoinhas mine in Para state, Brazil, the company behind the project has announced.

Troy Resources said the first gold pour took place at the site on March 13th, with further production expected to come online later in the year.

So far, the company said, the mine's processing plant has performed as intended and gold recovery rates have been at or above their projected level of 92 per cent. High-grade ore from the Lagao Seca open pit operation is now being processed there.

Work is also ongoing to bring the underground Mamao deposit into production, with the first gold yield expected in July, Troy added.

The Anodoinhas mine is estimated to have 130,000 tonnes of ore with an average grade of 3.52 g/t gold. When production hits full volume, the project is expected to produce around 50,000 ounces of gold per annum for at least five years.

Troy chief executive Paul Benson said the start of production was a "significant milestone" for the company.

"We see Andorinhas as the key element of Troy's growth over the short, medium and longer term," he added.

Troy also operates the Sandstone gold project in Australia.

 

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