Desert

Desert Sun Mining

Desert

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Within four years, Desert Sun explored, developed and reactivated to commercial production the long-life Jacobina gold mine in Bahia, Brazil.

  • Historical Jacobina mine ceased operations in 1998 by previous owner
  • Secured several financings for the exploration and redevelopment of Jacobina through to commercial production
  • Increased gold mineral reserves from 980 Koz to 1,510 Koz and completed Jacobina Feasibility Study

Sold to Yamana Gold in 2006 for C$750M at a 21% premium. Jacobina remains a key asset of Yamana today having produced 160 Koz gold in 2019.