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Metminco targets Colombia gold

South America-focused Metminco looked at a lot of projects globally before concluding the Miraflores gold opportunity in Colombia could be turned into a circa-50,000 ounce per annum, cashflow positive operation within two years.

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Miraflores has a measured and indicated resource of 9.27 million tonnes grading 2.82 grams per tonne

That may surprise some familiar with the prospect given it carried a bit of baggage from a previous failed venture, but according to Metminco chairman Dr Phillip Wing, the Miraflores as conceived by