Hochschild Mining is planning to build the Mara Rosa gold property in Goiás State in Brazil with a USD 200 million investment. Planned to be launched in the second quarter of 2022, the project is expected to have an annual production capacity of around 100,000oz of gold. Hochschild CEO Officer Mr Ignacio Bustamante at a mining business forum in Lima in Peru said that “the firm plans to start production at the Mara Rosa mine in the first half of 2024. It’s the most important project we have to date.”Located in the municipality of Mara Rosa in the state of Goiás, the Mara Rosa property comprises the Posse Gold Project, as well as several advanced drill targets. Covering an area of 67,371 hectare, the Mara Rosa mine covers the Eastern Belt greenstone assemblage, with some coverage of the Western and Central belts as well. Based on a definitive feasibility study, the project holds the potential for discovering additional near-surface deposits that would extend Posse’s mine life beyond its initial ten years.