https://www.engineeringnews.co.za

Otso gold mine returns to production

4th November 2021

By: Creamer Media Reporter

     

Font size: - +

The Otso gold mine, in Finland, has restarted production, TSX-V-listed Otso Gold Corp reported on Wednesday.

The restart of production and the gold pour is the culmination of the completion of all the preparatory works and the hiring and training of 140 full time staff now on site with a further 128 contractors retained to provide permanent services to the mine.  

The company stated that it was processing about 4 000 t/d of ore and blasting ore in mining areas four times a week, as it ramped up towards nameplate capacity of 6 000 t/d of ore.

Otso said it would sell first gold dore from the site in the next week.

Otso Gold Corp’s share price rose 25% on Wednesday to C$0.075 a share, giving the company a market capitalisation of C$62.14-million.

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.049 0.085s - 140pq - 2rq
Subscribe Now