The mill will proceed to obtain ore from the Urucum North open pit and from stockpiles, Nice Panther mentioned.
“We’re working with our consultants to make operations protected, with the expectation that mining of the higher-grade gold ore within the UCS pit will begin again up once more within the third quarter of this 12 months,” CEO Rob Henderson mentioned in a press launch.
“As a consequence, 2021 consolidated steering is being decreased by 10,000 ounces to 125,000 to 140,000 gold equal ounces,” he added.
The second half of 2021 is predicted to account for 60% of this steering.
Noon Tuesday, Nice Panther’s inventory was down 5% on the TSE. The corporate has a C$344 million market capitalization.