PARAMARIBO, Suriname Montreal-based CAMBIOR announced that its US$95-million Rosebel gold mine in Suriname has achieved commercial production on budget and schedule. In the 30 days following the start of commissioning on Feb. 11, Rosebel processed an average 12,000 tonnes/day of ore, or 86% of the nominal mill capacity of 14,000 tonnes/day, said Cambior in a statement. Over the last 10 days, the mill averaged 16,900 tonnes/day, a "new production record," it said. The first gold pour occurred in early March.
Gold recovery fluctuates between 90% and 94%, and sampled mill grades correspond well with sampled mine production and reserves, said Cambior, adding that production statistics would be included with its quarterly results.
Cambior's largest mine, Rosebel is forecast to produce 245,000 oz of gold this year at operating costs of US$184/oz, boosting the company's total production for the year to 705,000 oz of gold at US$221/oz operating costs.
Located 50 km south of the capital, Paramaribo, Rosebel has current probable reserves of 44 million tonnes grading 1.6 g/t Au (containing 2.2 million oz) and an additional indicated mineral resource of 30 million tonnes at 1.1 g/t Au (1.1 million oz of gold). Output is expected to average 220,000 oz/year.
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