- Write by:
-
Thursday, July 23, 2020 - 6:37:44 PM
-
757 Visit
-
Print
Mining News Pro - Premier Gold Mines announced that it is fully restarting operations at its Mercedes gold/silver mine in Mexico, but with a new strategy that requires letting go of a significant number of employees.
In a press release, Premier said that after the mine was shut down for months due to the covid-19 pandemic, management developed a series of plans aimed at increasing production margins.
According to the miner, the new strategy entails consolidating production to one mine portal from five, reducing the mining rate to 1,200 tonnes per day from 2,000 tonnes and operating the processing plant on a campaign basis in alignment with the plan and crew rotations.
“This restructuring has resulted in a reduction of 40% of the employees required to operate the mine and 75% of mining-related contractors,” the media brief states. “The plan focuses on enhancing underground operating efficiencies and supervision in order to minimize dilution and improve ore quality. The success of future exploration and delineation drill programs will allow the production rate to increase toward nameplate capacity over time.”
Mercedes was placed into care and maintenance due to the covid-19 pandemic at the end of 2020’s first quarter and activities remained halted for most of the second quarter. The mine was gradually reopened but only certain activities, such as limited ore and waste development as well as delineation and exploration drilling, were allowed to limit the number of people on site.
Ore that was produced upon restarting the mine in June remained in stockpile until processing resumed in early July.
Premier said that the phased restarting of the mine will continue with the completion of key access ramps to the Diluvio West and Lupita Extension stoping areas and the delineation/definition drilling at the Marianas and Diluvio West, and San Martin delineation drilling.
Short Link:
https://www.miningnews.ir/En/News/572275
China’s central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 ...
Gold fell the most in more than two years as surprise strength in a key US jobs report dashed hopes that the Federal ...
Global physically backed gold exchange traded funds (ETFs) attracted their first inflows in May after a year, powered by ...
Ivory Coast’s gold output hit a record high in 2023, helped by the opening of new mines, and will continue to grow ...
Glencore Plc is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in ...
State revenue from gold mining companies in Mali fell 26% last year, hit by lower taxes, a document from the west ...
Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in ...
Probe Gold is looking to raise more than C$15 million ($11 million) via a private placement led by Beacon Securities and ...
Money managers became the most bullish on gold in more than four years as prices surged to a fresh record earlier this ...
No comments have been posted yet ...