Tietto delivers record quarterly gold production at Côte d’Ivoire project
Tietto produced a quarterly record of 37 111 oz of gold at its Abujar gold project for the quarter
West African gold producer Tietto Minerals has produced a quarterly record of 37 111 oz of gold at its Abujar gold project, in Côte d’Ivoire, for the quarter ended March 31.
Milling rates increased to 410 000 t of ore a month in the quarter under review, compared with a monthly average of 381 000 t over the prior six months from July to December 2023.
Tietto, which is listed on the ASX, has also appointed Howard Golden as corporate exploration manager, which the company says will bring more than 40 years of experience managing exploration activities in six continents, including relevant experience in Côte d’Ivoire.
“Tietto produced a record 37 111 oz 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 $6.5-million in the June quarter – we look forward to being debt-free and at full production by the end of the first half of this year. Tietto’s gold sales remain unhedged, and we are benefitting strongly from the current gold prices,” says CEO and MD Matt Wilcox.
“We also welcome Howard Golden to the Tietto team to lead our exploration team, bringing an extensive background in the mining industry including as former MD of Arrow Minerals and roles with Nordgold, Rio Tinto, Marvel Gold, Kinross Gold Corporation and WMC Resources, as well being an adjunct associate professor at the University of Western Australia,” he adds.
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