Skip to main content

Mexus Gold announces lower operating costs than expected

Published by , Editor
Global Mining Review,


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/

You might also like

Blast From The Past

Sophie Clayton, Orica Digital Solutions, celebrates the 35th anniversary of Orica’s key blasting application, providing insight into innovative advancements in blasting technology.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

US mining news Gold mining news