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Amarillo Gold Corporation on track to become a mid-tier gold producer in Brazil

The Canadian junior resource company is on the verge of production at its shovel-ready Posse Gold Project in Goiás State ....

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Amarillo Gold Corporation ends 1Q with C$40.7M in cash to advance Posse gold project towards production

Posse is a shovel-ready gold project that Amarillo expects to build within two years of breaking ground
The project is anticipated to produce 102,000 gold ounces per year in its first four years, with an average annual gold production of 84,000 ounces
Amarillo Gold Corporation (CVE:AGC) (OTCQB:AGCBF) (FRA:72A) ended its first quarter of 2021 with a healthy cash balance of C$40.7 million to help develop its Posse gold project in Brazil.
Posse is a shovel-ready gold project that Amarillo expects to build within two years of breaking ground. The project is anticipated to produce 102,000 gold ounces per year in its first four years and have an average annual gold production of 84,000 ounces based on an initial 10-year mine life. ....

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