The company said on Thursday that the first gold pour under Firefinch ownership marked the company’s transition to an income-generating gold producer.“We have been delighted at the smooth transition from Barrick management to Firefinch management at Morila and are especially pleased to be generating cashflow,” said executive chairperson Dr Alistair Cowden.“The cashflow is being applied to the drilling of tailings and satellite pits, plant refurbishment, mine plan studies and other technical work to prepare Morila for a return to openpit mining.”The mine is currently producing gold above forecast for its first month of operation, Cowden said.Tailings retreatment, mining and processing operations are operating as planned, and Firefinch is achieving grades in line with forecasts, while tonnage is trending above forecast.Production during November is expected to reach between 4 000 oz and 4 100 oz, at an all-in sustaining cost of $1 000/oz to $1 100/oz.
Mining News Pro - Northern Dynasty reported on Thursday its US subsidiary Pebble Limited Partnership has filed an appeal with the US Army Corps of Engineers (USACE) ...
Mining News Pro - South African miner Gold Fields has formally begun construction of the mining infrastructure for its Salares Norte project, in northern Chile.
Mining News Pro - Argonaut Gold has been cleared to start site preparation for the construction of its C$480-million Magino gold mine to get under way.
Mining News Pro - Guinea President Alpha Conde has retained Abdoulaye Magassouba as mines minister overseeing the West African nation`s bauxite, iron-ore, gold and ...
Mining News Pro - Precious metals miner Pan African Resources CEO Cobus Loots says the company delivered a “commendable operational and safety performance, amid the ...
Mining News Pro - The vast majority of large-scale mining companies are still unable to demonstrate that they review and report on how effectively they manage risks ...
Mining News Pro - Perenti Global has secured more than $307 million in new work and contract extensions with Evolution Mining, Gold Fields, Western Areas and ...
Mining News Pro - Newcrest Mining has commenced early works at the Havieron gold-copper joint venture (JV) project in Western Australia.
Mining News Pro - Brownfield mine developer Xtract Resources’ broker, Novum Securities, has conditionally raised £5-million, before expenses, following the placement ...