TIETTO HITS RECORD GOLD PRODUCTION AT ABUJAR

West African gold producer Tietto Minerals (ASX:TIE) has reported a record-breaking gold production at its Abujar Gold Mine. In December 2023, the company produced an impressive 13,781 ounces of gold from only 26 days of operation, following a planned five-day shutdown.

December Production Highlights:

  • A record monthly gold production of 13,781 ounces achieved in December.
  • A monthly record head-grade of 1.16 grams per tonne, with a recovery rate of 95.2%.
  • Milling productivity increased to over 600 tonnes per hour, totaling 374,000 tonnes from the 26-day operational period.
  • Ore mined increased significantly to 508,000 tonnes, setting a new company record.
  • Total material mined reached a peak of 4.3 million tonnes.
  • The company is on track to reach full production capacity at Abujar in the first half of 2024.

Managing Director and CEO Matt Wilcox said: “Tietto has produced a record 13,781 ounces
of gold at Abujar in December from only 26 milling days at a record monthly head-grade
of 1.16 grams per tonne gold after achieving a monthly milling record of 608 tonnes per
hour. Our intensive work with mining contractor EPSA on improving mining capacity and
productivity metrics has seen a very steep increase in ore mined to a new record of 508,000
tonnes of ore in December.


“Since the management transition earlier in 2023, we have been focussed on increasing
both tonnes mined and tonnes milled, and forcing cost savings across our operations as we
lift the Company towards full production, which we expect will occur in H1 2024.
“It is also very pleasing to see that we finished Q4 2023 with a material uplift across all key
mining, milling and production metrics compared to Q3 2023, which is further evidence of
the continued operational improvement as we ramp up Abujar to full production.”

Read the full announcement

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