PRECIOUS METALS

Firefinch firing up gold production in Mali

Morila mine on the right output trend

Staff Reporter

This article is 2 years old. Images might not display.

The 10,874oz produced in the first quarter at the Morila operation compares to the guided range of 10,000-11,500oz and forecast second quarter output of 17,000-20,000oz.

Further down the track is a forecast 30,000-35,000oz in the third quarter and 36,000-40,000oz in the fourth reporting period.

The latter means a run rate of more than 140,000oz is expected later this year as the company this quarter moves from mining satellite pits near Morila to the so-called Super Pit (featuring higher grades).

Costs and other details from the first quarter result are due later this month.

Firefinch had cash of more than $150 million at the end of December, with raisings late in 2021 priced at 58c and 67c per new share.

Firefinch is in the process of spinning out a major lithium business into a separately listed company - Leo Lithium.

Shares in Firefinch were down 4% to $1.03 in late trade, capitalising the company at $1.2 billion.

 

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.