Tietto Minerals (ASX:TIE) reports record production of 37,111 ounces of gold at its Abujar gold project in Côte d’Ivoire for the March 2024 quarter. This is attributed to an increase in milling rates, which rose to 410,000 tonnes of ore per month compared to an average of 381,000 tonnes over the previous six months.
Tietto has strengthened its team with the appointment of Howard Golden as Corporate Exploration Manager. He brings over 40 years of experience in managing exploration activities across six continents, with particular expertise in West Africa, including Côte d’Ivoire.
The company’s March 2024 performance highlights its commitment to maximizing the potential of the Abujar Gold Project and leveraging the expertise of seasoned professionals to drive exploration and production efforts. Tietto’s Quarterly Report, scheduled for release later this month, will provide detailed insights into the costs incurred during the first quarter of the year.
“Tietto will make its final debt repayments totalling US$6.5M in the June quarter – we look forward to being debt free and at full production by the end of H1 2024. Tietto’s gold sales remain unhedged and we are benefitting strongly from the current gold prices,” Tietto’s Managing Director and CEO Matt Wilcox said.
TIE is up more than a per cent on the news, and has been trading at 61.8 cents.