Canadian Yamana mining company confirms lower-cost expansion plans in Brazil’s Bahia state

Currently Brazil's 3rd largest gold producer according to data from the Brazilian Mining Institute, Yamana has undergone significant expansion of its activities in Brazil in recent years.

RIO DE JANEIRO, BRAZIL - Canadian mining company Yamana Gold has completed tests at its Jacobina gold mine complex in Bahia, the results of which exceeded expectations for a cost-efficient production increase planned for the coming years, the company's global CEO Peter Marrone said Friday.

The company plans to increase its annual production capacity to 230,000 ounces by the second half of 2023, from the 180,000 ounces currently produced, as part of the second stage of its expansion. Production of 8,500 tons per day will be enabled by this expansion.

After testing, the company managed to . . .

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