Key Permit Approval for Andacollo
Galantas Gold Corporation has secured the final key permitting approval from Chile's National Geology and Mining Service for the operational reactivation of the Ripios Dumps at its Andacollo Gold Project, extending the validity of existing permits for facilities VII, VIII, and IX. This approval confirms approximately 16.4 million tonnes of authorized capacity remain, representing 81% of the total approved capacity, and allows for continued operation under previously approved conditions for up to four years or until capacity is reached. The company is proceeding with operational readiness activities, prioritizing local engagement, and has all necessary regulatory approvals to resume operations, though a production decision is still subject to further review, financing, and board approval.
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| Toronto, Ontario - August 20, 2026 - Galantas Gold Corporation (TSX-V: GAL | AIM: GAL) ("Galantas" or the "Company") is pleased to announce that Chile's National Geology and Mining Service, the Servicio Nacional de Geología y Minería ("SERNAGEOMIN"), has approved the amendment related to the operational reactivation of the Ripios Dumps (leach waste dumps) at the Andacollo Gold Project (the "Project") in Chile's Coquimbo Region. The other key permitting approvals have been received and were announced on August 6, 2026. |
This approval extends the validity of the permit originally granted and authorizes continued operation of the Ripios Dumps VII, VIII, and IX facilities under the same technical, operational, environmental, and safety conditions previously approved by SERNAGEOMIN. The approval recognizes that, following the prolonged suspension of activities since 2016, the Ripios Dumps retain significant remaining capacity, with approximately 16.4 million tonnes of authorized capacity remaining, equivalent to 81% of the total approved capacity.
Galantas now has all the key regulatory approvals required to resume operations at the Project under the previously approved mine design, waste-disposal configuration, heap-leach facilities, operating parameters and safety conditions. The authorized operating period extends for four years from the commencement of mineral extraction, or until the applicable remaining authorized tonnage or capacity is reached, whichever occurs first.
The Company continues to advance engineering, procurement, infrastructure rehabilitation, contractor planning and operational-readiness activities at the Project. The Company also continues to prioritize local employment, contractor participation, training and procurement opportunities in the town of Andacollo and is working with authorities and community stakeholders to support an orderly and responsible restart.
Cautionary Note: The Company has not made a production decision in respect of the Project. Any decision to restart production will be subject to, among other things, completion of further technical, operational and financial review, availability of financing, completion of installation, rehabilitation and commissioning activities, receipt of any remaining approvals required at the relevant time, and formal approval by the Company's board of directors.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.