20th Jul 2015 08:03
LONDON (Alliance News) - Aureus Mining Inc on Monday said the processing plant at the New Liberty Gold Mine in Liberia has reached nameplate capacity following a successful commissioning period.
The process plant recently underwent 24 hours of performance testing, during which time the plant was operating at a feed rate of 152 tonnes of run of mine ore per hour at a plant availability of 96%, with all other equipment operating within or exceeding their design parameters over a continuous 12 hour period, Aureus said.
"This is a significant achievement for our team and contractors who have successfully built and commissioned New Liberty, and I would like to congratulate all those involved. The successful ramp-up of the process plant to nameplate capacity gives me great confidence in our ability to successfully deliver profitable ounces in line with our business plan," said Aureus President and Chief Executive David Reading.
Shares in Aureus were up 0.4% to 23.60 pence in early trade on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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