Aguia Resources Limited (AU:AGR) has released an update.
Aguia Resources Limited has announced the fast-track development of the Santa Barbara Gold Mine in Colombia, following the successful takeover of Andean Mining. They plan to upgrade the treatment plant to increase capacity from 30 to 50 tonnes per day, with a six-month program of capital works ahead of the mine’s reopening, expecting to generate robust cash flows. The mine’s high-grade gold and significant strike potential underscore Aguia’s strategy to establish a sustainable cash-generating operation.
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