Record gold grades for Aguia at Colombian mining play - Brisbane Times

AI desk brief

Aguia Resources reported record August production from its Santa Barbara gold mine in Colombia, with 942g of gold at grades above 10g/t, more than double its prior best month of 468g at 5g/t. The company said the run generated A$171,000 in revenue, including a third-party processing trial with the Colombian Mint that returned 637.4g of payable gold from ore grading 15.05g/t and 1,226.8g of payable silver.

Management attributed the improvement to tighter grade control, lower dilution, and more selective mining of higher-grade veins, with plant feed peaking at 20.4g/t. Aguia is targeting a staged lift in throughput from 100 tonnes per month to 200 tonnes over the next 90-120 days, while continued cost cuts and a $3m capital raise support a return to exploration in Q4.