Mexus Gold US has announced that it is producing gold at a cost of US$376/oz of gold. This figure is well under the US$437/oz estimated in November 2019.
The reduced production cost is a result of the company adding an activated carbon recovery system along with an electrowinning gold recovery plant.
In addition, the company is mining a higher grade of mineralised material which brings the net cost down. With a tightly controlled operation, the company expects to be producing 10 oz/d of gold within 60 days.
Mexus is no operating a positive cash flow which has been a long-standing goal of the company.
Read the article online at: https://www.globalminingreview.com/finance-business/25032020/mexus-gold-announces-lower-operating-costs-than-expected/