GOLDEN QUARTERLY SUCCESS FOR TIETTO MINERALS

Record Production Numbers at Abujar

Tietto Minerals Limited (TIE) has proudly announced a record-breaking gold production of 37,111 ounces for the March quarter of 2024 at their flagship Abujar Gold Project in Côte d’Ivoire. The mill throughput for the quarter significantly increased to an impressive 410,000 tonnes per month, marking a notable improvement over the 381,000 tonnes average processed in the previous six months.

Highlighting an upward trajectory, Tietto Minerals’ operations saw a steady rise in the tonnage processed with March reaching a peak of 1,232,000 tonnes. The gold grade was reported to be at its highest for the March quarter at 0.99g/t, maintaining a consistent 95% recovery rate since September 2023.

Managing Director and CEO Matt Wilcox commented on the achievement, stating:

Tietto produced a record 37,111oz gold at Abujar in the March quarter as we continue to move towards full production. We expect to achieve continual operational improvements as the year progresses.

Tietto will make its final debt repayments totalling US$6.5M in the June quarter – we look forward to being debt free and at full production by the end of H1 2024. Tietto’s gold sales remain unheeded and we are benefitting strongly from the current gold prices.

In addition to their financial and production milestones, Tietto Minerals welcomed the seasoned Howard Golden as the new Corporate Exploration Manager. His extensive expertise spans over four decades and includes key roles with industry giants such as Nordgold, Rio Tinto, Marvel Gold, Kinross Gold Corporation, and WMC Resources, as well as an academic position at the University of Western Australia.

Tietto Minerals Limited is advancing steadily, showcasing a robust first quarter with the promise of a debt-free status and full-scale production in the near future. The quarterly report detailing the financial aspects will be released in April 2024, as the company anticipates continued growth and operational excellence.

Read the full announcement

Goldman

Read Previous

APRIL ASCEND: PRICES HIT HISTORICAL HIGHS

Read Next

VISIBLE GOLD SPARKS EXCITEMENT AT DALGARANGA