Hummingbird Resources has reported that ore commissioning has commenced at the Yanfolila gold mine in Mali.
Introduction of ore to the mill and the carbon in leach (CIL) process plant from the ROM pad stockpile has commenced.
First gold production is expected before the end of December.
Hummingbird Resources projects commercial production will ramp up during 1Q18 with a target of delivering 130 000 oz of gold during the first full year of production.
Dan Betts, CEO of Hummingbird, commented: “Ore commissioning represents the final step ahead of first gold production at Yanfolila. Everybody on site is totally focused on a smooth ramp up of the plant as we look to move into the production phase. This is a key transitional moment for Hummingbird, transforming the Company from a developer to a producer. Our first year’s production is expected to be around 130 000 oz of gold, which is projected to generate around US$70m of free cash flow at a US$1250 gold price. I look forward to reporting news of our first gold pour in the very near future.”
Read the article online at: https://www.globalminingreview.com/exploration-development/18122017/ore-commissioning-begins-at-yanfolila-gold-mine/