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Para Resources restarts gold production at El Limon project in Colombia

Para ResourcesInc. said May 3 that its ElLimon mine and mill in Colombia has restarted production after a C$2.5million refurbishment.

The full circuit, from crushing to gold production, will be operationalby May 6 at an initial rate of about 40 tonnes per day.

The second ball mill at the processing facility is expected tocome online in July, which will drive production to 200 tonnes per day and allowthe company to process material mined by the local artisanal miners.

Total gold production from El Limon is expected to be over 20,000equivalent ounces per year with a projected all-in sustaining cost of about US$600per ounce.

In mid-January, Para said it will acquire ColombiaMilling Ltd. to increase its interest in the El Limon mine to 61.2%.