https://newsletter.en.creamermedia.com
blasting|Crushing|Flow|Gold|Mining|Flow
blasting|Crushing|Flow|Gold|Mining|Flow
blasting|crushing|flow-company|gold|mining|flow-industry-term

Tietto posts record quarterly output

18th April 2024

By: Creamer Media Reporter

     

Font size: - +

Steadily improving milling rates enabled ASX-listed Tietto Minerals to reach record quarterly production of 37 111 oz of gold from its Abujar mine, in Côte d'Ivoire, for the quarter ended March 31.

MD and CEO Matt Wilcox says production is expected to improve further in the second quarter as a result of measures being implemented to reduce mining dilution and increase mill head-grade with a specific focus on blasting techniques.

"We commenced work on the crushing circuit upgrade, which is anticipated to enable Tietto to increase quarterly mill throughput from a total of 1.2-million tonnes to approximately 1.4-million tonnes per quarter towards the end of 2024," he adds.

Tietto sold 39 175 oz of gold at an average price of $2 054/oz in the March quarter.

"Abujar is now generating very strong cash flow, and benefiting highly from the record gold prices, as we achieve full production at Abujar following substantial and continuing improvements across mining, milling and production.

"The team is now focussing on operating-cost reductions through operating efficiencies as the team gains more experience with Abujar," Wilcox states.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

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:0.189 0.288s - 192pq - 2rq
Subscribe Now