According to the company, output at full production is expected to increase by 400% from current levels.
Once full production is reached, annual revenues are anticipated to approximate $40m at recent gold and silver prices.
Ore reserve grades over the life of mine are estimated to average 10.78 ounces per ton silver and 0.143 ounces per ton gold.
Santa Fe Gold is a US-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties.
