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Mexus Gold announces lower operating costs than expected

Published by
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.

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US mining news Gold mining news