What you need to know about Red Eagle Mining's San Ramon gold mine
Construction on Red Eagle Mining’s San Ramon Gold Mine has been completed in q3 2016, the company has announced.
Following a 14-month construction period, the first gold was officially poured at the gold mine in November 2016.
The San Ramon Gold Mine
The San Ramon Gold Mine is part of the company’s large Santa Rosa Gold Project, located in Colombia. Gold mining in the area actually pre-dates the 17th century when it was estimated that around 30 million tonnes of gold were mined.
The San Ramon Gold Mine, a single shear zone within the Santa Rosa Gold Project has a production of around 1000 tonnes per day.
Red Eagle estimates a 2017 production of 70,000 oz.
The construction of the San Ramon Gold Mine and Mill remained within budget and on schedule within the 14-month construction period to first gold in November 2016.
The mine will employ around 160 employees.
Where Eagles Dare: Red Eagle Mining
Red Eagle Mining is a gold producer with an experienced mine operations and development team. Management is focused on building shareholder value through acquiring and developing gold projects with low costs and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited modern exploration. Red Eagle Mining owns 100% of the Santa Rosa Gold Project, where the San Ramon Gold Mine has commenced production. Red Eagle Mining also controls CB Gold which owns 100% of the Vetas Gold and Santa Ana Silver Projects and is actively consolidating additional high grade precious metal deposits in Colombia.
Powered by partners
The Santa Rosa Gold Project, and the San Ramon Gold Mine, has been made possible through key partnerships:
Stracon GyM, part of the Graña y Montero Group, provides open cut & underground contract mining, construction and mass earthworks services. Stracon GyM is Red Eagle Mining’s mining services contractor. The underground mining operations are led by a collaborative committee composed of Stracon GyM and Red Eagle Mining senior management. Stracon GyM is also a 15% shareholder of Red Eagle Mining’s equity insuring all parties’ interests are aligned.
Lycopodium is an engineering and project management consultancy which provides a complete range of services for the evaluation, development, implementation and optimization of projects. Lycopodium led process and plant design, feasibility study, detailed engineering, plant construction and EPCM for the San Ramon Gold Mine.
Mine Development Associates (MDA) delivers high quality Geologic and Engineering consulting services to the mining industry for exploration, development and operating projects. MDA has been responsible for Mine Design and Resource & Reserve Estimation for the San Ramon Gold Mine.
Golder Associates Geotechnical, Tailings management and hydrology studies.
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