THE BOURSE WHISPERER: Noble Mineral Resources has become the newest Ghanaian gold producer following the completion of the company’s first gold pour at its Bibiani gold project.
The company said the event marked a milestone in the refurbishment and enhancement of the project’s upgraded three million tonne per annum processing plant.
Source: Company announcement
Since it finalised the acquisition of the Bibiani project in July 2010 Noble has been actively drilling to complete an upgraded resource and reserve estimate, which it said will be updated in the next quarter.
“The first gold pour marks the end of the first chapter for Noble and the start of the next,” Noble Mineral Resources managing director Wayne Norris said in the company’s announcement to the Australian Securities Exchange.
“The commencement of production and cashflow leaves Noble well positioned to take full advantage of its many opportunities for growth.
“We look forward to further success as has been noted in the most recent announcements, we have hit some excellent targets which we believe will add further significance to the Bibiani project going forward.”