AMAYAPAMPA gold mine Production plan (2023-2026)
Results for 2023 production:
- The first production line conducted a trial run at the end of April 2023. The estimated production for the first year was one ton of gold. However, the production plan was affected due to insufficient water storage. Resulting in a much lower annual production for 2023 than the target. The construction of a large reservoir is undergoing, and operation has successfully resumed on October 10th.To ensure that the company achieves a gold production of 3 tons in 2024, another large reservoir is being expanded in early October to meet the increasing water demand for future capacity expansion.
Summary of production plans for the next three years (2024-2026):
- According to the technical exploration and feasibility report from the internationally recognized technical institution AMC, this mine possesses rare gold reserves.
The company will scientifically formulate future production plans and is currently preparing to increase investments from 30 to 50 million US dollars to expand production facilities.
The projected annual production range of gold for 2024-2026 is 3-5 tons.
Despite numerous obstacles and difficulties during the construction and initial production phase, our team, led by the chairman, has overcome challenges with perseverance and determination, successfully starting production under extremely challenging circumstances.
Looking ahead, the company will continue to focus on profitability and reliability, scientifically plan and expand production capacity. We will strive to achieve the production targets for 2024-2026, ensuring steady growth in production. Additionally, we plan to conduct an Initial Public Offering (IPO) on the stock exchanges in Hong Kong or London to enhance capital and profitability, establishing a sustainable, stable, and scientific mechanism for investor returns.
“New Year‧New Beginning”
2022 was a challenging year as the world and Phoenix Mining was adapting to the changes brought by the epidemic and also recovering from it.
We encountered many obstacles last year, we worked hard to overcome it.
“Goes from strength to strength!”
I believe the team is well-equipped to face new challenges after all those hard time we have been through together.
2023 will be the brilliant year for the group.
Phoenix Mining wishes you all a vibrant, prosperous and successful year ahead!
Unity is Strength
As a large mining corporate like Phoenix Mining, the back-up administrative department is as important as the professional engineering team on the front line of the mining site.
Other than the office in the mining site, the Group has set up a 450 square meter office in La Paz, the heart of Bolivia, which is responsible for the Group's administration, daily paperwork, internal and external communications, international licensing, etc...
If the workers in the mines are the frontline fighters, then the team in La Paz is the back-up medical and supply soldier, both of which are essential.
Phoenix Mining has always believed that employees are the most valuable asset of a company. The Group would like to thank each and every one for the efforts and is committed to protecting the interests of our associate while providing a safe and stable working environment for our colleagues in all positions.
A good start is half the battle
As the COVID-19 raged around the world, countries implemented strict anti-epidemic policies, causing delays in transportation of air, land and sea.
Overcoming numerous obstacles and ports, all the construction tools, digging machines, metallurgical equipment and so on, finally arrived at the mining site in Bolivia. Morale was immediately boosted and all the employees at the mine were put to work.
Safety is always our number one priority
To ensure the quality and safety of the project, Phoenix Mining has increased its production capacity, while ensuring that every detail is taken care of and that the safety of all employees is monitored.
Phoenix Mining hereby undertakes to be strictly responsible for the three important aspects of "monitoring, management and co-ordination" to ensure the smooth running of the project at all times.
Amayapampa Project Officially Started!
2021 is a remarkable year for Phoenix Mining.
Despite the severe situation of Covid-19 and the twist and turns of transportation, Phoenix Mining accepted challenges and officially kicked off the Amayapampa project witnessed by the COMIBOL (Corporación Minera de Bolivia).
Anna WU, Chairlady of Phoenix Mining, Fan WU, President of Phoenix Mining, and other leaders of the group and COMIBOL attended the grand ceremony.
Improving infrastructure Creating employment vacancies
Phoenix Mining is playing an important role to the economy development surrounding the area of project site. Numerous benefits will be brought to the country.
Phoenix Mining will develop and improve the infrastructure including water and electricity of the project site. In the meantime, approximately 400 job vacancies are available during the project periods.