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

AI desk brief

Aguia Resources reported record September gold production of 37oz from 105t of ore at its Santa Barbara project in Colombia, up from 32oz in August, on average head grade of 10.88g/t Au. The company said the batch generated US$218,000 in gross revenue at a gold price of US$4,135/oz and, for the first time, covered its Colombian operating and overhead costs.

Run-of-mine grade remains above 10g/t Au, with the latest batch at 12.75g/t Au, and all September output was sent to the Quintana processing plant, which recovered 1,143.07g of gold and 2,124g of payable silver. Aguia is targeting a lift in underground ore throughput to 200t/month from about 100t/month by Q1 2027, which would be modestly supportive for supply from a high-grade source if achieved.