Modern Mining

Toro Gold, a private gold exploration and development company, has announced that first gold has been poured at its Mako mine in Eastern Senegal. The mine is owned and operated by Petowal Mining Company SA, and a pour of 1 325 ounces (41,2 kg) was completed on 26 January 2018, which is approximately two weeks ahead of the planned date in the construction schedule.

The company is now focused on implementing the continued ramp up of operations to achieve steady state commercial production through the first half of 2018.

“We are delighted to be able to announce this significant milestone for the company both ahead of schedule and under budget,” comments Martin Horgan, Toro’s Chief Executive Officer.

“It is a testament to the professionalism and dedication of the team that the same group who founded the company in 2009, has overseen the entire development process from a greenfields discovery at Mako in late 2011 to first gold in six years,” he continues. “We are proud of our track record of consistently meeting or exceeding our development targets over this period against a backdrop of challenging market conditions.

“Russell White, Project Manager, supported by his construction group has achieved a remarkable result in not only delivering the Mako project ahead of schedule and under budget, but also doing so in a safe manner with project safety statistics significantly bettering the national Australian standards over the 3,6 million man hours worked at the site.”

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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