Found this on Investors Chronicle 27 May 2009 14:27
Cluff Gold begins production
Created:
27 May 2009
Written by:
Martin Li
Cluff Gold transformed itself during 2008 after bringing two gold mines into production. In Ivory Coast, the company poured its first gold from the 90 per cent-owned Angovia mine in March, although the group faced some challenges from the poor performance of reconditioned plant and equipment, as well as low production rates. Performance has improved since the year-end after upgraded equipment and a larger mining fleet were deployed - management hopes to complete commissioning (starting-up and optimising the operation of the processing plant) by mid-year.
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Meanwhile, in Burkina Faso Cluff poured its first gold from the 78 per cent-owned Kalsaka mine in October - that was later than expected, but the production ramp-up has proceeded as scheduled. Commissioning has also been completed and first-quarter production reached 12,890 ounces of gold.
Overall, Cluff has added 600,000 ounces to its gold resource; that now stands at over 2m ounces. Most of the increase came from the Baomahun project in Sierra Leone - Cluff acquired the remaining 40 per cent interest in that project during the year and recently started drilling in advance of a feasibility study. Meanwhile, in March, Cluff raised $11.4m (£7.1m) through a placing, primarily to accelerate drilling in Sierra Leone and to increase production in Burkina Faso.
Prior to these results, Seymour Pierce was fore