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/mining/25032020/mexus-gold-announces-lower-operating-costs-than-expected/

You might also like

EMI

Electrification in Mining virtual conference

Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.

Register for FREE »

 
 
 

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


 

This article has been tagged under the following:

US mining news Gold mining news