Mara Rosa Achieves Commercial Production

Located in the state of Goias, Mara Rosa is Hochschild’s ?rst Brazilian operation. (Photo: Hochschild)
Hochschild Mining recently announced that its Mara Rosa gold mine in Brazil achieved commercial production on May 13, 2024. During May, the Mara Rosa processing plant has operated at an average throughput of approximately 90% of its name-plate capacity of 7,000 metric tons per day (mt/d) and exceeded 80% average recoveries. The company said the ramp-up remains on schedule and should be completed during H1 2024 and gold production is expected to continue to increase in Q3 2024 and Q4 2024, with the mine on track to produce between 83,000 to 93,000 ounces (oz) of gold this year.

“Achieving commercial production at Mara Rosa is a significant milestone for Hochschild and has been delivered ahead of our end H1 2024 forecast,” said Eduardo Landin, CEO, Hochschild.

Located in the state of Goias, Mara Rosa is Hochschild’s first Brazilian operation and the company said it represents a key growth opportunity as it continues to execute its strategy of increasing production while reducing costs. The company said Mara Rosa is delivering production at a significantly lower cost, with excellent potential to provide additional resources which they are targeting through a brownfield exploration program.

In related news, Hochschild recently announced the securing of an option to acquire 100% of Cerrado Gold’s Monte Do Carmo gold project (MDC) in the state of Tocantins. This low-cost opportunity will follow the blueprint established at Mara Rosa, if the option is exercised, Hochschild said.

As featured in Womp 2024 Vol 06 -