Operations in Brazil

Silveroc Mines have been mining in Brazil since 1998 which was the first overseas operation by the company. Its first mining operation began in Barra do Garças as a joint venture with a private company. Silveroc Mines now operates 13 mines across 6 locations in Brazil.

Brazil is renowned worldwide for its precious metals mining, especially for resources like gold, silver, and platinum. The prevalence of precious metals mining in Brazil can be attributed to several key reasons:

• Abundant Natural Resources: Brazil is rich in geological diversity, featuring numerous precious metal-bearing ores. The Amazon Rainforest, in particular, is believed to be home to significant untapped mineral wealth, making Brazil a prime location for precious metals mining.
• Historical Precedence: Brazil's mining history dates back to the Portuguese colonial era, when gold was discovered in Minas Gerais. This long history of mining has provided Brazil with extensive experience and knowledge in the field.
• Advancements in Technology: With the evolution of mining technologies, previously inaccessible or inefficiently mined areas in Brazil are now being explored and exploited. This has led to an increase in the scale and scope of precious metals mining.
• Regulatory Environment: While the Brazilian government exercises strict controls over mining to mitigate environmental impact and ensure fair practices, it also offers incentives and maintains a legal framework to encourage investment in the mining sector.

Overview of projects