https://www.miningweekly.com
Gold|Mining|Drilling|Operations
Gold|Mining|Drilling|Operations
gold|mining|drilling|operations

Firefinch pours first gold

26th November 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Firefinch has poured its first gold at the Morila gold mine, in Mali, after completing the acquisition of an 80% interest in the mine earlier this month.

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.

Edited by Creamer Media Reporter

Comments

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.223 0.263s - 93pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: