Commercial production is anticipated in the second quarter of 2016, which requires achieving 80% of nameplate capacity (1,000 tonnes per day), it announced in a statement.
Tailings are being retained as inventory for future reprocessing. Phase I calls for a 1,000 tonnes per day open pit-gravity plant with post-commissioning and ramp up cash operating costs of US$500 to US$600 per ounce of gold.
Yannis Tsitos, President of Goldsource said in a statement that: “Our first gold pour is an extraordinary and historic milestone for Goldsource. This important achievement was only possible through the dedicated and experienced construction, mining and processing teams and management in both Guyana and Canada. Our immediate focus over the next several months will be to ramp up production to the designed nameplate capacity and to demonstrate that the economic viability outlined in the PEA (effective date June 15, 2014) is achievable.”
Goldsource Mines Inc. is a Canadian resource company that is progressing its advanced-stage, 100%-owned Eagle Mountain Gold Project, located in Guyana, towards initial staged production in Q1 2016.