First Tonne of Gold Poured at Sabodalaadmin
Mineral Deposits Limited announce that over one tonne of gold (32,151 ounces) has been poured at the Sabodala Gold Mine in Senegal, west Africa since start-up of full production in early April. This milestone is a credit to the entire team at Sabodala.
The plus US$220 million project is now processing material above the nominal mill capacity of 2 million tonnes per year.
“The Managing Director, Jeff Williams, said the one tonne milestone is a tremendous achievement for all shareholders and has set the foundation for 2009 and beyond.”
The company expects to produce 160,000 ounces in calendar 2009 at a cash operating cost of between US$420-440 per ounce.
The Sabodala Gold Mine is operated through Sabodala Gold Operations SA which is 10%-owned by the Government of the Republic of Senegal and 90%-owned by MDL.