SEATTLE (Scrap Monster): Mako Mining Corp. announced operating update for its San Albino gold project in northern Nicaragua. The mine is expected to reach commercial production by the end of the current quarter.
According to the company, all components of the 500 tonne per day gravity and carbon-in-leach processing plant are fully operational. The plant has been achieving throughputs above 75% of rated capacity. Since May 12, 2021, it has been processing high-grade material with an average grade of 16.5 grams per tonne. As per current indications, gold recoveries are well above 90%.
An average of 982 tonnes per day of diluted vein and historical dump material has been mined since the beginning of April this year. The stockpile is now approximately 105,856 tonnes. These levels of mine and plant throughputs are the thresholds required by Mako so as to declare commercial production by 1st July, 2021. A comprehensive operating update is expected in July this year.
Akiba Leisman, Chief Executive Officer of Mako recollected the great effort by the team in building San Albino in the middle of a global pandemic. Also the construction works were impacted by two major hurricanes. The minor start-up issues at the gravity and CIL circuits have been resolved, he added.