Jaguar Mining Secured Federal Permit for Turmalina Gold Mine Restart

SEATTLE (Scrap Monster): Jaguar Mining Inc., a junior mining company based in Toronto, Canada, declared that it has obtained federal authority to start the necessary preparations for the reopening of its Turmalina gold mine in Brazil. It is anticipated that the mine would reopen in the first quarter of next year.

The company will be able to create a second access route to the C-8 and Faina orebodies with the new federal permit. Additionally, it gives Jaguar Mining permission to alter the subterranean ventilation system. Similar authorizations had been given earlier this year under a renewable municipal permit that was initially valid for three months.

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The business pointed out that in order to resume full-scale operations, it needs to stabilize the tailing pile, which the permit does not enable. The business is working to reach an agreement with the Public Prosecutor's Office to carry out a technical safety audit in the interim. It has also been attempting to resolve the civil lawsuit related to the tailings slide event that occurred in December of last year.

The mine produced 23,710 ounces of gold before closing last year, which was almost one-third of the company's annual production.

The Turmalina underground mine is situated around 130 kilometers northwest of Belo Horizonte and is a component of Jaguar's bigger MTL mining complex.