The company shipped the first ore to the Jolu mill, which Golden Band owns, on 3 October 2012.

Golden Band President Rob Garden said that the commencement of mining at the Komis Mine is a significant milestone in the company’s exploration history.

"The Komis orebody was originally mined as an underground operation. However, after careful study, Golden Band determined that the geology of the orebody was such that significantly greater quantities of gold ore could be mined via an open pit operation," Garden added.

"The Komis orebody remains open along strike and at depth. More drilling is planned that we believe will delineate an increased resource."

Located on the former Komis underground mine, the Komis open pit mine includes 340,000 tonnes of ore at an average 6.62 grams a tonne gold, projected for 18 months mine life.