Production Update: Achievement of First 5kg Gold
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
FOR IMMEDIATE RELEASE 3 August 2026
Amigo Resources PLC
("Amigo" or the "Company")
Production Update: Achievement of First 5kg Gold Milestone
Amigo Resources PLC (LSE: AMGO) is pleased to announce that its Tanzanian processing operations have produced 5 kilograms of gold since the commissioning of processing activities. This achievement marks the Company's first meaningful production and serves as a formal validation of the Group's vertically integrated mining and processing strategy.
Highlights
· Significant Production Milestone: Achievement of the first 5 kilograms of gold produced between the start of commissioning (as announced on 24 July 2026) and 31 July 2026 from the Company's Mojimoto and Kabete operations.
· Operational Validation: Successful transition from infrastructure commissioning into active production levels, validating the Group's organically developed Tanzanian hubs.
· Optimisation Underway: Throughput and recovery optimisation is currently in progress, with production levels expected to increase over the coming weeks.
· Inaugural Report: This announcement constitutes the Company's first monthly production update under the new transparency standard established to provide regular data to the market.
Operational Achievement: 5kg Milestone
The achievement of the first 5 kilograms of gold represents the definitive transition from vision to execution for Amigo's Tanzanian assets and is a validation of its development model. Both processing plants are now operating successfully, establishing the necessary foundation for a planned ramp-up in throughput and recoveries. Current activity remains focused on technical optimisation as processing rates are progressively increased.
Craig Ransley, Executive Chair of Amigo Resources PLC, commented:
"Producing our first 5kg of gold is a landmark milestone that validates Amigo's evolution from vision to execution. Following our announcement on 24 July 2026 that processing had been commissioned, we have established successful operations at Mojimoto and Kabete in short order, delivering these figures as at 31 July 2026.
This specific achievement represents our first meaningful commercial recovery and serves as a formal proof of concept for our vertically integrated mining model.
While these early figures represent the first stage of our journey, they provide a robust platform for the rapid scale-up we have planned. Our team is now focused on throughput and recovery optimisation across both plants, with production levels expected to increase steadily over the coming weeks.
Our transition to a standardised monthly reporting cycle begins with this inaugural July report, reflecting our commitment to the transparency required to value Amigo as an established producer. We remain focused on ramping up our Tanzanian hubs safely and efficiently as we continue to deliver gold to the vault".
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014. The Company has implemented its disclosure controls and procedures in connection with this announcement. The Company confirms that, upon publication of this announcement, this inside information is now considered to be in the public domain.
Contacts:
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Amigo Resources PLC |
investors@amigo.me |
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Craig Ransley |
Executive Chair |
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Nathan Boom |
Chief Executive Officer
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Corporate Broker |
Shore Capital 020 7408 4090 |
About Amigo Resources PLC
Amigo is a public limited company registered in England and Wales with registered number 10024479. Amigo is focussed on gold and rare earth mining opportunities in Africa, principally in Tanzania and Mauritania. The Amigo Shares are listed on the Official List of the Financial Conduct Authority and traded on the Main Market of the London Stock Exchange
Important Notice & Caution Regarding Forward-Looking Statements
This announcement is not intended to, and does not, constitute or form part of any offer, invitation, or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell, or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise.
This announcement contains forward-looking statements relating to expected future production, throughput, and operational performance. Such statements involve known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied. Production remains at an early stage and rates referred to in this announcement should not be taken as indicative of future performance.
Forward-looking statements are not statements of historical fact, and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties, and other factors. Forward-looking statements in this document are based on Amigo's beliefs, opinions, and estimates as of the dates the forward-looking statements are made, and no obligation is assumed to update forward-looking statements if these beliefs, opinions, or estimates should change or to reflect other future developments
-ENDS-
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