West African explorer Pearl Gold has successfully tested the second production line of 5 000 t/d at its Kodiéran gold mine, in Mali, doubling its previous production capacity and increasing its total capacity to 10 000 t/d of raw material.
This production boost comes in the wake of the gold grades of the processed raw material exceeding the estimates in the geological surveys for the mine.
In the last four weeks, the average gold grade has amounted to around 5 g/Mt of raw material, with a gold concentration of about 0.4 g/Mt in the tailings, reflecting the high standard of the gravimetric production process implemented at the mine.
Pearl Gold management board member Lutz Hartmann says that while the company is satisfied with the current results, which, he feels, demonstrates Kodiéran’s rich potential, he does expect some deviation in future.
“We are fully aware that the gold grade will vary over time, as it depends on the layer of soil in which we are digging in the openpit. “Nonetheless, we view the high-average gold grade as a very positive development,” he notes.
Pearl Gold’s management team expects to announce further production figures by mid-September.
Pearl Gold is a holding company listed on the Open Market of the Frankfurt Stock Exchange, in Frankfurt, and focuses on investments in West African exploration and mining corporations, particularly in the field of gold and other precious metals.
The company’s first investment was in the Mali mining company, Wassoul’Or, in which Pearl Gold still holds 25% of the shares. Wassoul’Or concentrates on the exploration and production of gold, and operates the Kodiéran gold mine in the south of Mali.
It is the first gold mine in Mali to be operated and majority-owned by Malians, with the openpit operation containing at least 1.75-million ounces of proven recoverable gold, which is set to be exploited over the next six years.