Tailings retreatment, mining and processing is operating as planned, the grades are in line with expactations and the throughput tonnage is ahead of forecasts, is said in an Australian Securities Exchange disclosure.

 

Firefinch expects to produce 4,000-4,100oz in November at all-in-costs of between US$1,000/oz and US$1,100/oz. 

 

Executive chairman Dr Alistair Cowden said: "We have been delighted at the smooth transition from Barrick management to Firefinch management at Morila and are especially pleased to be generating cashflow."

 

"The cashflow is being applied to the drilling of tailings and satellite pits, plant refurbishment, mine plan studies and other technical work to prepare Morila for a return to open pit mining. We are also pleased that recent labour unrest in Mali's mining industry did not impact Morila," Cowden added.