Galantas Gold Corporation has agreed to acquire a three-stage crushing plant and associated agglomeration equipment for US$4.2 million, to be installed at its wholly-owned Andacollo Gold Project in Chile.
The plant, currently located in Mexico, has a nominal throughput capacity of about 20,000 tonnes per day and is reported by the seller to be in good operating condition, subject to Galantas' technical, legal and title due diligence.
Completion still requires a definitive asset purchase agreement and customary regulatory, export, import and third-party approvals.
Galantas has appointed M3 Engineering & Technology Corporation, an engineering firm with experience delivering large mining projects across the Americas, to handle the plant's relocation, including disassembly, transportation planning and reassembly in Chile.
With the crushing facility secured, the company expects gold production at Andacollo to begin in the first quarter of 2027.
"Securing a high-quality, proven crushing plant significantly reduces project execution risk, shortens the development schedule and represents substantial capital savings compared with constructing a new crushing facility", said Mario Stifano, Galantas' chief executive.
Robert Sedgemore, the company's senior vice president of operations, said engineering, procurement, site infrastructure work and permitting activities are all now progressing in parallel.
