(Ecofin Agency) - The Yanfolila gold mine in Mali, should produce its first gold before the end of this month. This was announced at the end of last week by Hummingbird Resources, the firm that owns the project, in an update of progress made so far on the latter. 

The firm also revealed that the treatment plant at the site started operating. It has started sending in the first volumes of stored ores in the mill and the leaching circuit. It is “the final step ahead of first gold production at Yanfolila”, CEO Dan Betts said. 

In its first year of activities, the Yanfolila mine should produce 130,000 ounces of gold and generate $70 million of available treasury at a price of $1,250/oz.

Louis-Nino Kansoun