West African gold producer Tietto Minerals has achieved a significant milestone with its Abujar gold project in Côte d’Ivoire, delivering a record quarterly gold production of 37,111 ounces for the period ending March 31. This achievement underscores the company’s commitment to operational excellence and marks a notable increase from previous production levels.
During the quarter, Tietto saw a notable uptick in milling rates, reaching 410,000 tonnes of ore per month compared to an average of 381,000 tonnes per month in the preceding six months from July to December 2023. This increase in milling rates reflects the company’s focus on optimizing production processes and maximizing output from its operations.
In addition to its operational success, Tietto has strengthened its leadership team with the appointment of Howard Golden as corporate exploration manager. With over 40 years of experience managing exploration activities across six continents, including extensive experience in Côte d’Ivoire, Golden brings invaluable expertise to the company. His appointment underscores Tietto’s commitment to advancing its exploration efforts and unlocking further value from its projects.
Commenting on the achievement, CEO and MD Matt Wilcox expressed optimism about Tietto’s trajectory, highlighting the company’s plans to become debt-free and achieve full production by the end of the first half of the year. Wilcox emphasized Tietto’s unhedged gold sales strategy, which positions the company to capitalize on the current favorable gold price environment.
“We produced a record 37,111 ounces of gold at Abujar in the March quarter as we continue to move towards full production,” said Wilcox. “We expect to achieve continual operational improvements as the year progresses.”
Wilcox also extended a warm welcome to Howard Golden, emphasizing his extensive industry experience and track record of success. Golden’s diverse background, including leadership roles at prominent mining companies and academic contributions, further strengthens Tietto’s exploration capabilities and positions the company for future growth.
Looking ahead, Tietto remains focused on driving operational excellence, advancing its exploration initiatives, and delivering value to its shareholders. With a strong operational performance, a seasoned leadership team, and a strategic vision for growth, Tietto is well-positioned to capitalize on opportunities in the dynamic gold market and maximize value for its stakeholders.
Source: Mining Weekly
