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Mining at Diguili deposit in Guinea begins

Mining at Diguili deposit in Guinea begins

Mining has begun at the Diguili deposit in Republic of Guinea. Gold producer Nordgold announced the start of the exploration program and said the core pillar of the company’s strategy is to expand our resource and reserve base through both organic growth and selective acquisition of high value projects.

“The company announced that that its Lefa mine team have started mining at the new satellite Diguili deposit in the Republic of Guinea. Our acquisition of Lefa in 2010, combined with the extensive exploration program we have undertaken since then, is precisely in line with that strategy. The Diguili deposit was identified by our exploration team and it will now make a strong contribution to the overall Lefa mine performance,” said Louw Smith, Chief Operating Officer of Nordgold.

Exploration program

The proved and probable reserves of the Diguili deposit, located about 35 km from the Lefa gold recovery plant, have been significantly increased through the implementation of the exploration program: from 78,000 ounces at the end of 2020 to 138,000 ounces in 2021.

Nordgold operates nine mines; four in Russia, three in Burkina Faso and one each in Guinea and Kazakhstan. The company has several prospective projects in feasibility study. Members of Mordashov’s family are the main shareholders with a 99.94% stake.

 

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