About Brazil

a mining-friendly jurisdiction with vast mineral wealth

Gold has been mined in Brazil for centuries. Indeed, during the Brazilian Gold Rush from 1700 to 1820, the region produced 35,687 arrobas of gold. Today gold mining represents 11 per cent of the nation’s mineral production, second only to iron ore, which represents 70 per cent of mineral production. In 2020, Brazil exported 23.6 tons of gold, with gold mining generating BRL7.5 billion for the country.

With a gross domestic product of 1.36 trillion dollars, Brazil is the largest economy in Latin America, and the twelfth largest in the world. Brazil’s economy is dominated by the agricultural, food, mining, steel, clean energy, and oil and gas industries.

Mining in Brazil dates to the late seventeenth century. Today, the country is the eighth largest producer of ferrous and non-ferrous metals and precious and industrial minerals in the world. Brazilian mineral production was valued at US$34 billion in 2018 and US$38 billion in 2019, according to the mineral yearbook prepared by the country’s independent national mining agency.

Amarillo’s two properties are in central and southern Brazil, respectively, in areas where there is long a history of local mining activity, so the communities are familiar with the benefits that a mining project can bring. We are well south of the Amazon rain forests and far away from any Indigenous lands.

Mara Rosa, which hosts our flagship Posse Gold Project, is located in the municipality of Mara Rosa in the state of Goiás, central Brazil. It is approximately 360 kilometres north of Goiania, the state capital. Mara Rosa, a small town of 12,000 people, is about 5 kilometres away.

Lavras Do Sul is in southern Brazil in the state of Rio Grande do Sul. Located 320 kilometres by paved road southwest of the state capital city of Porto Alegre, it benefits from excellent infrastructure. The village of Lavras do Sul is a small farming community proximal to the Company’s exploration concessions.