Cluff Gold commissions gold mine in Ivory Coast

Tue Oct 27, 2009 8:45am GMT
 

(Reuters) - West Africa-focused gold miner Cluff Gold Plc said it successfully commissioned its Angovia gold mine located 40 kilometres north-west of Yamoussoukro, Ivory Coast.

The commissioning of the Angovia gold mine comes three months after the commissioning of its Kalsaka gold mine, about 150 kilometres north-west of Ouagadougou, Burkina Faso, the company said in a statement.

Cluff Gold expects its aggregate target of annualised gold production of 100,000 ounces for Angovia and Kalsaka to be achievable in the last quarter ending December 31.

The company had last week raised its total mineral resources estimates at it Baomahun gold project in Sierra Leone, sending its shares to a 52-week high.

Shares of Cluff Gold were up 1.3 percent at 77.42 pence at 0833 GMT on Tuesday on the London Stock Exchange.

Market Update

  • Africa
  • US
  • Europe
  • Asia
  • CAC40
UK £ USD =1.6567
Euro USD =1.4941
Rand USD =0.1329