Aureus declares commercial production at New Liberty gold mine in Liberia

3 March 2016 (Last Updated March 3rd, 2016 18:30)

Aureus Mining has announced that process plant at its New Liberty gold mine in Liberia is now operating in line with design specifications, following which the mine has declared commercial production.

Aureus Mining has announced that process plant at its New Liberty gold mine in Liberia is now operating in line with design specifications, following which the mine has declared commercial production.

During February 2016, production at the mine was more than 9,000oz.

The plant has achieved an average of 88% of design throughput capacity during the past 60 days of operations.

Following the declaration of production, the company will now continue to focus on upgrading the plant to improve its overall operational performance.

"We are delighted to be able to announce resolution of the commissioning issues at New Liberty and to declare Commercial Production, effective 1 March 2016."

The New Liberty process plant has now processed 503,286t of run of mine (ROM) fresh ore as well as lower grade oxide material.

New Liberty has sent 25 shipments of gold doré till date for smelting and refining at the MKS PAMP refinery in Switzerland, the company said.

Aureus Mining president and CEO David Reading said: "I am pleased by the increased gold production levels we have achieved throughout January and February this year.

"Following a significant amount of hard work by our operations team, focusing upon ramping up plant performance and gold production levels towards design capacity, we are delighted to be able to announce resolution of the commissioning issues at New Liberty and to declare Commercial Production, effective 1 March 2016."

Aureus will now continue to work towards finalising an updated mine plan for the project.

MonuRent, the mine's fleet provider, has purchased and shipped five new 100t capacity Komatsu HD785 rigid haul trucks and one PC1250 excavator to Liberia.

The new equipment is scheduled to be delivered to New Liberty during April 2016.

New Liberty is located within the Bea-MDA property, in Grand Cape Mount County in the north-western portion of the Republic of Liberia.