Pearl Gold AG announced that the Kodieran gold mine in Mali has successfully tested the second production line of 5,000 tons per day and will finalize the adjustment and fine tuning within the next days. This will bring the total production capacity up to 10,000 tons of raw material per day out of the 11,000 tons per day as final capacity. Kodieran is operated by Wassoul'Or S.A., in which Pearl Gold holds a 25% stake.

The gold grade of the processed raw material so far exceeds the estimates stated in the geological surveys for the gold mine. In the past four weeks, the average gold grade amounted to approx. five grams per metric ton of raw material.

The gold concentration of about 0.4 gram per metric ton in the tailings reflects the high standard of the gravimetric production process implemented at the mine. The company expects to announce further production figures by mid of September.