ORE2GOLD-UK Ltd
Ore2Gold-UK (O2G) offer customers a straightforward way to purchase gold at a discount to the Global Spot Price.
As a gold dealer we have direct access to the Peruvian gold mining sector; through our operating partner Gold Horizons SAC, located within the Arequipa district, Southern Peru.
O2G purchases gold in bulk at a discount to spot price directly from the gold processing facility.
The discount is accessed directly from source and is passed on to customers.
Low operating costs (Modern, highly efficient ore processing technology)
Current Peru mining boom is aided by the government's formalisation process for small-medium miners.
Processing
The location of the processing facility is paramount to the success of our business model.
For more information click here.
News
Our processing partner, Gold Horizons, was recently reported in a national news program.
Company Profile
Ore2Gold-UK is a UK registered company. Working alongside is our operating partner, Gold Horizons SAC (a registered company with The Ministry of Energy and Mines), to conduct the toll milling business within the district of Arequipa, Peru.
As a means of funding for this toll milling business, we offer our customers the opportunity to purchase gold at a discount to market price, and deliver (or sell) a pre-agreed quantity of investment grade gold. With the factors of low purchasing ore cost, and low production and operating cost, Gold Horizons SAC is consequently a productive and profitable processing plant.
The Yuromayo processing plant was constructed in 2012; It is ideally located - 60 km west of Arequipa, near the mining areas of Cusco, Juliaca and Puno. The current infrastructure allows the crushing, milling, and the processing of approx. 40 tons of ore per day (40t/d).
Ore processing takes place after the exploration and mining phases. By eliminating these two riskiest phases, processing companies face fewer challenges than a mining company:
The combination of modern equipment, infrastructure and our experienced metallurgical engineers on site ensures consistent and reliable toll processing service, by recovering over 98% of the gold makes us the natural choice for local mines and miners.
Investments such as gravimetric analysis and flotation circuits will allow us to carry out more environmentally friendly production. Second and third phase investments will increase the capacity of the plant up to 350t/d.
The plant is forecasted to produce 20-30kg of gold per month in its first phase, 50-60kg in the second phase and ultimately reach up to 150kg per month once the plant has been increased to its targeted 350t/d capacity, which is currently the legal maximum under the available license. Good, honest and reliable customer service combined with competitive pricing for our suppliers are the key to the company’s success.
- Ore comes from several mines and this adds diversification benefits.
- Declining gold prices have minimal impact on earnings because ore is purchased according to a relatively fixed margin formula.
- Processing companies enjoy a quick payback on a relatively small investment.
- Staff required to operate a toll treatment plant are a fraction of a mine.
- Ore is purchased, not mined, and only after careful selection and testing.
Background on the mining industry for small miners in Peru
Due to the large number of small to medium sized miners in Peru and the government’s heightened regulation of the industry, there exists a unique opportunity to benefit from the current mining boom in Peru.
This government mandated formalisation of the small-scale mining industry demands an increase in permitted, ore processing facilities.
Non-"formalised" mines and processing operations have been shut down. They are dangerous, environmentally damaging and inefficient, with the outcome of a low gold recovery rate. Our permitted and "formalised" operation is legal and supported by the Peruvian Government; safe, environmentally responsible and the gold recovery rates are high.
Where is the ore processed?
Ore is processed at the Yuromayo processing facility. The location of the processing plant is ideal; situated in the heart of the gold mining region of Southern Peru, the plant is licensed to process up to 300 tonnes per day.
The video below shows ore being processed at the plant. Gold is leached into the carbon before it is extracted and melted into the Doré bars.
Lab Peru Joint Venture
In 2014, Gold Horizons SAC has formed a joint venture with Lab Peru, and will begin to provide chemical analysis of minerals and metallurgical testing services in the coming months to the mining community in Arequipa, Peru.
Lab Peru is a company with 5 years of business in Nasca, Peru and is currently implementing its Quality Management System ISO 9001 in order to keep up with the current demands, and thus strengthen their commitment to fully cover the satisfaction of their customers.
Permits
Our operating partner, Gold Horizons SAC, is registered with the Ministry of Energy and Mines as a “producer and exporter” under No. 040014270. The Ministry of Mines and Energy regulates all producing and trading companies. The company is registered at the “Registro Nacional de Declaración de Compromisos”
Link to the register ́s online access here.
Gold Horizons SAC is a private and owner managed company registered with SUNAT under No. 20558012316 (RUC). This company is entered in the public register SUNARP under No. 11237029 (Partida).
