Jacobina

Underground gold mining complex in Bahia State, northeast Brazil, ~155 km strike-length tenure package. Acquired by Pan American via the 2023 Yamana Acquisition. Operates five underground mines (João Belo, Canavieiras, Serra do Córrego, Morro do Cuscuz, Morro do Vento) at ~8,500 tpd using sublevel longhole stoping. Conventional 3-stage crushing, wet grinding, gravity concentration, CIP cyanide leaching. 2021 expansion permit allows up to 10,000 tpd; tailings filtration plant and filtered tailings stack in permitting. 2025 production was 190.5 koz Au at 95.2% recovery.