TZ produced 46,360 ounces of gold during Q3 2025, bringing production year-to-date at the end of September 2025 to 124,525 ounces of gold. In the third quarter of 2025, the mill processed 1,094 kt of ore resulting in an average throughput rate of 11,890 tonnes per day ("tpd") or 92% of nameplate at an average grade of 1.43 grams per tonne with recoveries of 92.3%.
Louis-Pierre Gignac, President & Chief Executive Office of GMIN, stated: "TZ continues to deliver on the plans set out for 2025. The third quarter marked another period of strong operational performance, achieving the highest quarterly gold production in the company's history. This reflects continued improvement across both mining and milling operations."
Third Quarter 2025 Production Highlights
Gold production totaled 46,360 ounces, representing a 9% increase over Q2 2025.
Gold sales reached 49,119 ounces, a 23% increase compared to the previous quarter.
The plant achieved an average throughput of 11,890 tpd, equivalent to 92% of nameplate capacity, up from 11,107 tpd (86%) in Q2 2025.
Gold recovery improved to 92.3%, compared to 90.3% in Q2 2025.
The average mining rate rose to 55,023 tpd, marking a 15% increase from Q2 2025.
Tocantinzinho Production Details:
TZ Production
Q2 2025
Q3 2025
YTD 2025
Mining Activities
Ore Tonnes Mined
kt
1,649
1,787
4,948
Waste Tonnes Mined
kt
2,707
3,275
8,177
