Monday, September 15, 2025

Newlox Gold Resumes Production Of Gold In Costa Rica

Newlox Gold Ventures Corp (CSE: LUX) this morning announced that gold production has resumed. The company was forced to close its environmental remediation and gold production facility in Costa Rica as a result of an unavoidable COVID-19-imposed suspension of operations.

The bright side to the closure, is that management was able to utilize the closure to upgrade its production circuit. The facility was actually moved to a different site, adjacent to the currently in development second processing facility. The new location will enable a future increase in the scale of the project, while also being located closer to artisanal mines and tailings feedstock.

The result, is that the new location offers reduced transportation costs, while improving site security and project logistics, and facilitating further growth. Finally, the new location is now outside municipal limits, limiting risks associated with COVID-19 and improving safety of personnel.

Once operations are fully scaled now that restart has begun, the facility is capable of processing 80 tonnes of material per day that grades above 9.0 grams per tonne gold. The facility is anticipated to have gold recoveries of 90%.

“We are excited to resume gold production at the first processing plant and have set a goal to achieve full production within the first half of 2021. Newlox Gold has also started development work on Plant 2, located at its recently announced Boston Project. Management looks forward to producing at Plant 2 shortly after Plant 1 achieves rated capacity. Additionally, Newlox Gold has multiple expansion projects under due-diligence, and we expect to announce our third project early next year.”

Ryan Jackson, President & CEO

Newlox Gold Ventures Corp last traded at $0.16 on the CSE.


FULL DISCLOSURE: Newlox Gold Ventures Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Newlox Gold Ventures Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Newlox Gold Sees Mining Commence At Boston Mine

Newlox Gold Ventures (CSE: LUX) is evidently nearing the completion of its second processing facility,...

Tuesday, October 26, 2021, 09:17:04 AM

Newlox Gold Appoints Dr Marcello Veiga To Chairman Of Newlox R&D

Newlox Gold Ventures (CSE: LUX) this morning announced the appointment of a chairman for its...

Tuesday, February 23, 2021, 09:47:09 AM

Newlox Gold Sets Two Month Timeline For Completion Of Boston Project

Newlox Gold Ventures (CSE: LUX) has reportedly seen continued progress on the development of its...

Thursday, April 29, 2021, 09:15:30 AM

Newlox Gold: Revenue Growth Is To Continue – The Daily Dive

Today on the Daily Dive, we see the return of Ryan Jackson, CEO of Newlox...

Thursday, June 2, 2022, 01:30:00 PM

Newlox Gold Identifies Three Prospective Brazil Plant Locations

Newlox Gold Ventures (CSE: LUX) continues to keep an eye focused on growth. The firm...

Thursday, July 8, 2021, 07:52:30 AM