Tietto on track at Abujar
PERTH (miningweekly.com) – Gold developer Tietto Minerals on Friday told shareholders that construction of its Abujar gold project, in Côte d’Ivoire, remains on track for first gold pour in the fourth quarter of this year.
“Construction is in full swing at Abujar, which has potential to be one of the largest producing gold mines in Côte d’Ivoire, expected to produce more than 260 000 oz of gold in the first year and 1.2-million ounces of gold in the first six years,” said MD Caigen Wang.
“Construction is starting to go vertical on site and I look forward to providing further updates as construction advances the Abujar gold project towards first gold by the end of the fourth quarter 2022 to become West Africa’s next operating gold mine.”
The openpit operation at Abujar is expected to have a mine life of over ten years, while an underground operation would extend the project life to 12 years. The addition of an underground operation is expected to add a further $48.4-million in capital costs from the beginning of year six of the operations.
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