Aureus hampered

gold-745x475Aureus Mining says operations continue to be hampered by low equipment availability, with a consequential adverse effect on unit mining cost. The company is currently undertaking a review of the options to remedy the situation.

The Company has recently restarted processing operations at the New Liberty Gold Mine following approval from the Republic of Liberia’s Ministry of Lands, Mines and Energy (“MLME”) for the recommencement of processing operations in order to test a number of plant modifications and following delivery of additional reagents to site.

Since the restart of processing operations, the Company has experienced periods of unscheduled plant downtime as it works to resolve processing plant performance issues, testing and further optimisation activities. The Company will apply to the MLME for approval of the full and continued operation of the processing plant once it has achieved steady state operations for a continuous period of 60 days. Since the recommencement of processing operations, gold shipments have resumed with the Company pouring and shipping approximately 3,500 ounces of gold.

Mining operations continued at New Liberty throughout the period of suspended processing operations, with a focus on exposing further fresh ore within the Kinjor and Larjor pits and establishing sumps allowing for continuing mining operations throughout the wet season. ROM stockpiles currently stand at approximately 201,367 tonnes of fresh ore at a grade of 3.24 g/t and oxide and transitional stockpiles stand at 91,719 tonnes at a grade of 1.46 g/t.

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SOURCES: NewsNow/www.moneyam.com

 

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About Cholo Brooks 15600 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.