Aureus Mining announces gold update

Aureus Mining announces gold update

Aureus Mining (LSE:AUE) announced gold production of a 4,500 ounces during the first 14 days of its March operations at the New Liberty Gold Mine in Liberia.

Since commercial production started on 1 March 2016, fine gold has been poured and shipped for smelting and refining at Switzerland’s MKS PAMP refinery. Gold production for the calendar year is now at a total of 19,200 ounces.

Operations at New Liberty are centred on the Kinjor and Larjor pits and excavation operations are focusing on the preparations for flooding during the wet season.

David Reading, president and CEO of Aureus Mining, said, “We are encouraged that the process plant is now continuously performing in line with design specifications, and are confident that we will see increased levels of gold production and operational improvements in the coming months as we continue to optimise the operations.”

@RGNOnline