Mining News
He added that the government plans to decide in January whether First Quantum's proposed maintenance plan for the mine, known as Cobre Panama, can move forward.
The company, on Monday, had threatened to suspend its operations in the African nation if gold exports continued to remain blocked.
The Loulo-Gounkoto complex's conditions have significantly deteriorated, according to the firm.
Robex recently claimed that it settled all tax and customs claims by the government.
"God placed a gigantic treasure underneath our feet," Bukele wrote, calling the 2017 mining ban "absurd."
The ICCN told The Associated Press that in meetings this year with the mining registry the misunderstandings around the boundaries were clarified and the original ones should be used.
Beginning in 2026, the miner has found multiple ways to increase average throughput to 5,500 tpd by further debottlenecking operations.
Mining activities are ongoing in the West Dome open pit and Main Dome underground areas.
In 2021, Rio agreed to fund an independent study, undertaken by environmental firm Tetra Tech Coffey.
Very little taxation is collected, even though the trading of gold is public for all to see in Jacareacanga.
The royalty rates for gold, silver and copper production will be in the range of 3% to 8% and will be relative to respective metal prices.
The transaction is another step forward in the company’s journey towards creation of a go-forward portfolio of Tier 1 gold and copper assets.
Garrett also noted progress toward the next drill campaign after Viuda.
The company is exploring new growth opportunities in various countries including Chile, Peru and Ecuador.