Aguia triples gold output as Colombian mine gathers steam
If too much surrounding waste rock is mined with the ore, gold grades can fall sharply. CAPEX and OPEX are significantly below last year and total operating costs have been reduced by more than half.”Following site management changes, Aguia says first-half 2026 costs fell sharply compared with the previous six months. Capital expenditure was slashed by 80 per cent, operating expenditure dropped 56 per cent and overheads fell 38 per cent, reducing total operating expenses by 57 per cent.Having stabilised the operation and sharply reduced costs, the company then turned its attention to lifting production.
- ▪If too much surrounding waste rock is mined with the ore, gold grades can fall sharply.
- ▪CAPEX and OPEX are significantly below last year and total operating costs have been reduced by more than half.”Following site management changes, Aguia says first-half 2026 costs fell sharply compared with the previous six months.
- ▪Capital expenditure was slashed by 80 per cent, operating expenditure dropped 56 per cent and overheads fell 38 per cent, reducing total operating expenses by 57 per cent.Having stabilised the operation and sharply reduced costs, the compan
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.