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Goldsource Mines Inc. (TSXV:GXS) announced the successful completion of the first gold pour at its Guyana-based Eagle Mountain gold mine. Commercial production is expected in Q2 2016.
Goldsource Mines Inc. (TSXV:GXS) announced the successful completion of the first gold pour at its Guyana-based Eagle Mountain gold mine. Commercial production is expected in Q2 2016.
As quoted in the press release:
Tailings are being retained as inventory for future reprocessing. Phase I calls for a 1,000 tonnes per day open pit – gravity plant with post-commissioning and ramp up cash operating costs of US$500 to US$600 per ounce of gold.
Yannis Tsitos, president of Goldsource, commented:
Our first gold pour is an extraordinary and historic milestone for Goldsource. This important achievement was only possible through the dedicated and experienced construction, mining and processing teams and management in both Guyana and Canada. Our immediate focus over the next several months will be to ramp up production to the designed nameplate capacity and to demonstrate that the economic viability outlined in the PEA (effective date June 15, 2014) is achievable.
Click here to read the full Goldsource Mines Inc. (TSXV:GXS) press release.