Great Panther Mining Ltd (Great Panther) has announced July gold production for the Tucano gold mine in Brazil (Tucano).
The commissioning of a supplemental modular liquid oxygen supply system at the end of April has been key to enabling the processing of higher-grade sulfide ore with a significant increase in recoveries.
"We are pleased to see the third straight month of steady increase in gold production at our Tucano gold mine since the April commissioning of the supplemental oxygen system," stated James Bannantine, President and CEO. "As our programme of continual optimisation throughout the operation takes hold, we are confident that we will be able to deliver further increases in gold production in the third and fourth quarters as we enter the higher productivity dry season."
Tucano's production profile is stronger in the second half of the year as the dry season enables higher rates of mining productivity and the mine plan is characterised by lower strip ratios and access to higher grades in the open pits.
The company will provide the next production update for Tucano with the regularly scheduled third quarter production release in early October.