Galantas Gold Corporation (AIM:GAL) has told investors that Chile's National Geology and Mining Service, SERNAGEOMIN, has approved the operational reactivation of the Ripios Dumps leach waste facilities at its Andacollo Gold Project in the Coquimbo Region.
The dual-listed miner, which trades on the TSX Venture Exchange and AIM, had already secured the other key permits on 6 August.
The approval covers the Ripios Dumps VII, VIII and IX facilities under the same technical, environmental and safety conditions previously granted, and confirms roughly 16.4 million tonnes of authorised capacity remains, equivalent to 81% of the total approved.
That headroom matters because Andacollo has sat idle since 2016, and the regulator's sign-off effectively resets the clock: operations can now run for four years from the restart of extraction, or until the remaining tonnage is used up, whichever comes first.
Galantas said it now holds all key regulatory approvals needed to resume mining under the previously approved design and operating parameters.
The company is continuing engineering, procurement and infrastructure rehabilitation work, alongside contractor planning aimed at local employment and training in the town of Andacollo.
Galantas stressed no production decision has been made, with any restart still subject to further technical and financial review, financing availability, completion of commissioning work, and board approval.
News Intelligence what this means for the company
Galantas has cleared the final regulatory hurdle for Andacollo restart: Chile's SERNAGEOMIN approved the Ripios Dumps leach waste facilities, completing the set of key permits needed to resume mining under the previously approved design. The company holds CA$10.82m cash as of March 2026 and has guided to first gold production in Q1 2027, though a formal production decision remains pending pending financing, commissioning and board sign-off.
The permit removal eliminates a material execution risk that had blocked restart since 2016. However, the company still faces financing and commissioning hurdles before production can begin; with CA$10.82m cash on hand, any restart will likely require external funding or drawdown of working capital, and the board has not yet committed to proceed.
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