Illumin Holdings Expands Segovia Operations to Boost Gold Production Capacity by 50%
- Illumin Holdings expands Segovia Operations with a new processing mill, increasing capacity by 50% to 3,000 tonnes per day.
- CEO Neil Woodyer states the expansion aims for over 500,000 ounces of annual production from Segovia and Marmato.
- The new mill enhances Illumin Holdings' operational efficiency, supporting sustainable growth and market competitiveness in the mining sector.
### Illumin Holdings Strengthens Market Position with Segovia Operations Expansion
Illumin Holdings marks a significant milestone in its operational capabilities with the completion of a second processing mill at its Segovia Operations in Antioquia, Colombia. This expansion boosts the processing capacity from 2,000 to 3,000 tonnes per day (tpd), a 50% increase that is crucial for the company's organic growth strategy. The new mill integrates seamlessly into the existing plant infrastructure, sharing various process circuits and aligning with the company’s commitment to efficiency and productivity. The installation and commissioning of the mill are completed on schedule and within budget, with operations anticipated to ramp up in the latter half of 2025.
The CEO of Illumin Holdings, Neil Woodyer, emphasizes that this development is essential for achieving an aggregate production target of over 500,000 ounces annually from Segovia Operations and the Marmato Complex. The expanded capacity is expected to facilitate a steady increase in gold production, with projections set between 210,000 to 250,000 ounces for the full year of 2025, up from 187,583 ounces produced in the previous year. The company’s strategy includes leveraging underground development and increasing mill feed from contract mining partners, which positions Segovia as a cornerstone asset and a significant cash flow generator.
Moreover, as the company progresses towards its goals, the expansion reinforces Aris Mining’s commitment to operational excellence and strategic growth. This milestone not only enhances the operational framework at Segovia but also aligns with the broader vision of scaling operations sustainably and efficiently. The successful commissioning of the mill sets the stage for Illumin Holdings to enhance its production capabilities while maintaining a focus on environmental and operational integrity.
In addition to the operational advancements, Illumin Holdings showcases its achievements through multimedia platforms, including a short video that highlights key milestones during the mill's installation. This initiative underscores the company's commitment to transparency and stakeholder engagement, providing insights into its growth trajectory and operational developments.
As Illumin Holdings continues to solidify its position in the mining industry, the expansion at Segovia Operations showcases its proactive approach to meeting production demands and enhancing its market competitiveness. The company’s ongoing investments in infrastructure and technology not only improve production efficiency but also contribute to its long-term sustainability goals in the rapidly evolving mining sector.
