Aguia delivers record gold production at Santa Barbara - Mining.com.au

AI desk brief

Aguia Resources reported record August gold production at its Santa Barbara project in Colombia: 942g at an average grade above 10g/t from 100 tonnes of mined material, more than double the prior best of 468g in February. The company also cited 1,226.8g of payable silver and total August revenue of about $171,000, supported by a 50-tonne third-party processing trial that returned 637.37g of payable gold valued at roughly $123,200.

Management said new shaft development helped lift average plant head grade to 15g/t, while the company is targeting around 200 tonnes per month over the next 90 days. Aguia says the trial with the Colombian Mint-operated Quintana Processing Plant provides a potential near-term cash flow pathway as it continues selective underground mining and dilution control.