Firefinch (ASX:FFX) updates plan for Morila Gold Mine
Source: Business News
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Firefinch (FFX) has released a new life of mine plan for the Morila Gold Mine in Mali, detailing planned operations up until 2030
The company, formerly known as Mali Lithium, rebranded upon the purchase of Morila in November last year to reflect its broadening focus
Over the past 21 years, Morila has produced 6.9 million ounces of gold
The new life of mine plan outlines an annual production rate of 160,000 ounces of gold for a total of 1.45 million ounces by 2030
Up until 2028, Firefinch expects Morila to generate net pre-tax free cashflow of US$603 million (around A$783 million)