21.2 C
Supported byspot_img

Serabi Gold completes purchase of ore sorter for Coringa project in Brazil

Member of Europium Groupspot_img
Supported byspot_img

Serabi Gold said that it had completed the purchase of an ore sorter from Comex Group, to be used for the company’s Coringa gold project, located in north-central Brazil.

The ore sorter is being prepared for shipment, and is expected to arrive into Brazil before the end of 2023.

Once operational, it will lead to a significant increase in gold production rates with both mines feeding high grade sorted ore into the central Palito plant, the company said in a statement.

Supported by

The company is anticipating that the ore sorter could be operational early in the third quarter of 2024.

“The immediate cash outlay is about €630,000, and we are forecasting a further €250,000 to €300,000 for the importation costs and shipment from Poland to the Coringa site,” Mike Hodgson, CEO of Serabi said.

Supported byElevatePR Digital

Related News

International Graphite Ltd advances key projects in Western Australia with Springdale drilling and Collie processing

International Graphite Ltd is making significant strides in advancing its graphite processing operations in Western Australia. The company is currently conducting a 10-hole diamond...

Uzbekistan’s bold move: Ambitious push to lead global rare earth mining

Uzbekistan's President Shavkat Mirziyoyev has underscored the importance of developing the country's rare-earth mining sector, positioning it as a top priority for his administration...

Strickland Metals embarks on extensive exploration drive at Rogozna gold project in Serbia

Strickland Metals has initiated a robust exploration drive at its Rogozna project in Serbia, aiming for extensive drilling totaling 60,000 meters. With two rigs...

Saudi Arabia’s mining sector recognized globally for investment-friendly reforms

Saudi Arabia's mining sector has undergone remarkable reforms, earning recognition as the fastest-growing regulatory and investment-friendly environment worldwide over the past five years, according...
Supported by
Supported by
Supported by
error: Content is protected !!