Mara Rosa
Mara Rosa is an open pit gold mine located in the mining friendly jurisdiction of Goiás State in Brazil.
Construction was completed on time and on budget and the first gold pour was achieved in February 2024. The mine is expected to ramp up to commercial production by the end of H1 2024.
HIGHLIGHTS
With Hochschild’s core strengths and long-term strategy of acquiring and optimising development stage projects in the Americas
Enhances the Company’s portfolio by adding a long-life asset located in a mining friendly jurisdiction
Provides exposure to a high-quality project with attractive costs where certain infrastructure construction is underway
Offers compelling near-mine and regional exploration opportunities
Complementary ESG-led approach with strong local community and government support
Maintains Hochschild’s financial strength and flexibility
Mara Rose in Goiás State, Brazil
| Initial Mine Life | 10 years |
|---|---|
| Average Annual Production | ~80koz Au (~100koz AU over the first four years) |
| Average Annual AISC | US$950-$1,000/oz Au |
| Initial Capex | US$200m |
| Sustaining Capex | ~US$40m |
| After-Tax NPV @ 5% @ US$1,800/oz Au | US$200m - US$240m |
| After-Tax IPR @ US$1,800/oz Au | 24% - 26% |
| Tonnes (Mt) | Au (g/t) | Au (koz) | |
|---|---|---|---|
| Proven | 11.8 | 1.2 | 456 |
| Probable | 12.0 | 1.16 | 446 |
| Proven and Probable | 23.8 | 1.18 | 902 |
| Tonnes (Mt) | Au (g/t) | Au (koz) | |
|---|---|---|---|
| Measured | 14 | 1.2 | 510 |
| Indicated | 19 | 1.1 | 640 |
| Measured and Indicated | 32 | 1.1 | 1,200 |
| Inferred | 0.1 | 0.6 | 1.7 |