The Tucano Gold Mine is located in Amapá State in northern Brazil. It covers approximately 2,500 sq km of mostly contiguous exploration licences and a mining concession with district scale exploration potential. The nearest major populated centre to the Tucano site is Macapá, situated on the northern bank of the Amazon River.
The Company completed construction of the 3.5 million tonnes per annum CIL plant and began operating the Tucano Gold Mine in December 2012. Tucano is currently the second largest gold mine in Brazil.
Tucano’s production for CY2016 was 145,870 ounces from optimised open pits containing 1.0 million ounces of gold.
Tucano ore reserves as at 31 December 2015 were 28.9 million tonnes @ 1.59 g/t gold for 1.5 million ounces including underground reserves of 3.0 million tonnes @ 3.61 g/t gold for 345,000 ounces and stockpiles of 4.8 million tonnes at 0.73 g/t gold for 113,000 ounces.
Tucano mineral resources as at 31 December 2015 were 60.7 million tonnes @ 1.64 g/t gold for 3.2 million ounces.