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Hochschild’s Mara Rosa Mine: A Glittering Achievement Hochschild’s Mara Rosa Mine: A Glittering Achievement

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    Hochschild’s Mara Rosa Mine: A Glittering Achievement

Hochschild has struck gold at the Mara Rosa mine in Brazil, marking a significant milestone in the company’s pursuit of near-term, low-cost production. The first pour at Mara Rosa underscores the efficacy of the brownfield exploration program and opens up the potential for uncovering additional resources.

First gold at Mara Rosa. Image from Hochschild Mining.

The Posse Deposit at Mara Rosa, as per the NI 43-101 Pre-Feasibility Study in 2018, boasts estimated gold reserves of 1,087,000 ounces. This includes 513,000 ounces in the proven category from 9.6 Mt at 1.65 g/t Au, and 574,000 ounces in the probable category from 14.2 Mt at 1.26 g/t Au.

Expressing his pride, CEO Eduardo Landin remarked, “Mara Rosa will be a low-cost operation that will create significant value for all our stakeholders. The first pour is testament to the hard work done by all our employees, contractors, and local communities who have enabled us to construct this exciting operation on schedule and on budget.”

Landin further added, “We are now focusing on completing the ramp up of the processing plant to achieve commercial production. In addition, our brownfield team is continuing its program to further grow the resource base at a number of targets in the region.”