The newer style of gold mineralization “has the potential to provide meaningful production upside,” the company said.

The mine, located in the state of Goias, is the company's first Brazilian operation.

The Troilus project has an estimated net present value (discounted at 5%) of $884.5 million and an internal rate of return of 14%.

Loan provides cash to support ongoing operations and flexibility to finalize a more comprehensive financing arrangement.

At the heart of the partnership lies SMX’s technology, which will be deployed by Brink’s to enhance various aspects of gold marking, auditing and storage.

The gold and copper miner's IPO was to comply with a regulatory requirement for its operations in northern Philippines.