Summary:
Tocantinzinho ("TZ") is an operating conventional open pit mining and milling gold operation in the Tapajos district in Para state, Brazil owned and operated by G Mining. On February 9, 2022, G Mining published a positive feasbility study on TZ outlining an expected mine life of 10.5 years with an estimated annual gold production of 196 Koz over the first five years at a US$666 per ounce cash cost. TZ reached commercial production on September 3, 2024 and is expected to reach nameplate capacity of 12,890 tpd in 2025. In 2025, G Mining expects TZ gold production to be in the range of 175 - 200 Koz at an AISC of $995 - $1,125/oz sold. In addition, G Mining plans to complete a 5,600 meter drill program testing depth extensions of the TZ deposit and to further delineate the northwest extension exploration performed in 2024. Regionally, G Mining plans to spend $9 millions in 2025 to test 23 targets within a five kilometer radius with the primary goal to identify additonal deposits.
Metalla received 424 GEOs from Tocantinzinho in 2024.
Interest: 0.75% GVR Royalty
Location: Para State, Brazil
Project Status: Producing
Counterparty: G Mining Ventures
G Mining Ventures - Tocantinzinho Project
