Yamana Gold eyes $100m expansion in Brazil – by Mariaan Webb (MiningWeekly.com – May 2, 2019)


Precious metals miner Yamana Gold is considering several expansion opportunities at its mines, including a $100-million expansion in Brazil that will add about 80 000 oz/y to its production.

With more financial flexibility following the $1-billion sale agreement of Brazil-based Chapada to Lundin Mining, Yamana is considering a two-phase expansion at the Jacobina mine, the first phase of which involves a mill optimisation to increase capacity to 6 500 t/d.

This phase would require “very modest” capital and would be implemented by the middle of next year, the TSX-listed miner reported in its first-quarter results announcement on Wednesday.

The larger Phase 2 expansion of $100-million would increase plant capacity to between 8 000 t/d and 8 500 t/d, pushing up production to 225 000 oz/y by 2022 the company said.

At Canadian Malartic, in Canada, Yamana is evaluating production increases of about 75 000 gold-equivalent ounces (GEOs), based on its 50% interest. Project costs and economics are currently under evaluation.

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