Nativo Resources announces first production and sale from the Tesoro gold mine in Peru.
Nativo Resources announced the Tesoro gold mine in Peru made its first mineral sale of a batch of 43t of ore to a local gold processing plant.The precious metals miner said 10t of the batch was produced exclusively from the Bonanza vein in block one. The batch had an average grade of 15.6gpt, with the tonnes from block 1 averaging 63.6gpt.'We are really happy with the mine performance and our maiden production, which is recovering very high grades,' chief executive Stephen Birrell said.
'The focus on grade, ahead of volume, is key to maximising operating profits at the mine.'Operations at Tesoro began in September this year. The miner plans to initially produce 1-3tpd as the next block is brought into production and increase production to 28tpd by July next year. Last month, Nativo said it has plans to build a gold ore processing plant near Tesoro, which would 'optimise transportation and therefore reduce logistics costs'. The plant would process 50-80tpd, mainly from ore from the Bonanza and La Dorada shafts.Nativo's shares are trading at 0.0022p; it has a market cap of £1.45 million
GOLD MINING TESORO NATIVO RESOURCES PERU MINERAL SALE
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