The Koricancha Mill is a 350 tpd industrial gold processing facility located in the Department Arequipa of Southern Peru. Mineralized feed is purchased from legally operating small-scale and artisanal miners throughout the country which is then processed at Koricancha. The mill utilizes a carbon-in-leach process and is in compliance with all legal, environmental and other applicable frameworks in Peru. The mill is located at sea-level, less than 10 minutes from the Pan American Highway.
The company sold 3,195 ounces of gold during the three months ended September 30, 2017 from Koricancha. The focus for the remainder of 2017 is to increase purchases of mineralized feed that will allow for increased throughput in the plant.
Trek Mining, NewCastle Gold and Anfield Gold announced a business combination to create Equinox Gold. Ross Beaty joined as chairman and will invest approximately $20 million to become a significant shareholder. The transaction is expected to close in late December 2017.