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Explore the latest trends and actionable insights on the Underground Mining Equipment market to inform business strategy and pinpoint opportunities and risks.

Brazil: Five Largest Surface and Underground Mines in 2021

  • Industry: Mining
  • Current: Other Industry Indicators

  • Riacho dos Machados Mine in Minas Gerais, was the largest surface and underground mine in Brazil, producing approximately 1.5 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) and primarily produced gold (62.5 thousand ounces) in 2021. The Riacho dos Machados Mine is owned by Equinox Gold Corp, and is due to operate until 2031. The second largest surface and underground mine with an estimated 1.39 mmtpa of ROM and primarily producing gold (55.44 thousand ounces), was the Ernesto/Pau-a-Pique Gold Mine located in Mato Grosso. The Ernesto/Pau-a-Pique Gold Mine is owned by Aura Minerals Inc, and is due to operate until 2026.

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