Freda, Trojan mine upgrades affect Mwana Africa production

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By Zimbabwe Investor on August 12, 2014. No Comments

Mwana Africa (LON:MWA) saw a mixed quarter for production as it carried out upgrades to both its Freda Rebecca gold mine and Trojan Nickel operation.

Kalaa Mpinga, Mwana’s chief executive, said modifications were made to improve the efficiency of the mills at Freda Rebecca, while mobile equipment was taken out for refurbishment at Trojan. He said the work will put both mines in a stronger position for the second quarter.

“We look forward to benefiting from operational improvements undertaken in Q1 during the current quarter,” Mpinga added.

Freda Rebecca saw production rise by 1% to 13,503oz (13,380oz in the previous quarter), with an 8% increase in the head grade to 2.07 g/t.

Gold recovery fell 6.2% to 76.8% due to temporary power supply failures at two absorption tanks. Cash costs up 2% to US$1,078/oz.

Trojan’s production dropped 14% to 1,902t (Q4 2014, 2,207t). Head grade was 6% lower at 1.5% with recovery 4.7% lower at 84.1%. Nickel sales dipped 17% to 1,871t.

In the DRC, Mwana is in the process of reclassifying the resource at the Zani-Kodo gold project.