Modern Mining

The new Mako gold mine of Toro Gold in eastern Senegal is off to a good start, with most metrics exceeding forecasts. Mill throughput for the first three months of operation, for example, was 540 kt at 2,34 g/t Au versus the budget of 460 kt at 2,49 g/t Au while average cash costs (including the ramp up phase) were US$746/oz versus the budget of US$984/oz, excluding royalties.

ASX-listed Prospect Resources has appointed global engineering firm DRA to provide engineering services and upfront design for its flagship Arcadia lithium project, located 38 km east of Harare, Zimbabwe.

TSX-listed Teranga Gold Corporation has reported a gold production of 64 031 ounces in the March quarter (Q1) of 2018, a 13 % increase on the figure for the equivalent period in 2017. The total cash cost was US$659/oz compared to US$722/oz in Q1 2017.

West African Resources (WAF), listed on the ASX and TSX-V, reports it has received firm commitments to raise A$35 million through a placement of 109 375 million shares.

Reporting on the three-month period to 31 March 2018, ASX-listed Resolute Mining says that the Syama Underground mine development remains on schedule for first sublevel cave ore production to commence in December 2018.

London-listed Rainbow, the rare earth element mining company, has announced its first quarterly operations update from its Gakara project in Burundi since commencing production in December 2017. Gakara is one of the highest grade rare earth element mining projects globally, with an estimated in situ grade of 47-67 % Total Rare Earth Oxide (TREO).

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

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