High River Gold Mines Ltd.

High River Gold Mines Ltd.

April 16, 2007 16:31 ET

High River Gold Taparko-Bouroum Gold Project Nears Production

TORONTO, ONTARIO--(CCNMatthews - April 16, 2007) - High River Gold Mines Ltd. (TSX:HRG) ("High River" or the "Company") is pleased to report on construction progress at its un-hedged Taparko-Bouroum Gold Project in Burkina Faso.
The commissioning phase is about to begin and the first gold pour remains on schedule for June.

Project Construction Update

Current status of project construction is as follows:


All pre-stripping of the GT and 3/5 pits is completed. Actual mining of ore is continuing and to date approximately 250,000 tonnes of soft ore (equivalent to 3 months of production) has been stockpiled.

Process Plant

All crushers (jaw and cone crushers for the hard rock circuit, tooth roll crusher for the soft rock circuit), and the ball mill have been installed. The CIL tanks and associated mechanicals have been completed. The elution tank is installed and the gold room is equipped and complete. The five power generating units are installed, and overhead powerlines are in place.

Tailings Storage Facility

The tailings pad has been completed.

Water Supply

All pumps and piping supplying water is fully operational and the Taparko mine water reservoir is filled to the required level.

In summary, all major components are on-site and installed, with minor mechanical and electrical installation to be completed. Work remaining generally consists of piping and electrical connections between plant components, minor civil works on the tailings pad, completion of the plant workshops, completion of conveyors for the hard rock circuit, and installation of transformers.

Daniel Vanin, Executive Vice-President and Chief Operating Officer of High River commented: "I am very pleased with the construction progress achieved by our management and operational team at Taparko-Bouroum. I look forward to a successful start-up at Taparko-Bouroum in June, to operating the mine with our experienced operational team, and to building more new mines in the future with this talented group."

Project Construction Timeline

The Taparko-Bouroum project is expected to start-up according to the
following schedule:

End of April: start of Cold Commissioning
(testing of all mechanical equipment on a no load basis)
End of May: start of Hot Commissioning
(testing and operation of all mechanical equipment on a
partial/full load basis)
June: first Gold Pour
End of July: Commercial Production
(after 30 days of continuous production at 60% capacity)

Taparko-Bouroum Mine Tour

High River is hosting a tour of the Taparko-Bouroum Mine and the Bissa Exploration Project, on May 23 and 24, 2007, for "institutional investors" and "analysts". Participants will have the opportunity to view, first-hand, final construction activity on the Taparko-Bouroum Mine and the significant exploration potential of the Bissa Project.

Project Construction Progress in Pictures

To view photographs showing the latest progress at the Taparko-Bouroum Mine, please follow this link:


About High River

High River is currently constructing two open-pit gold mines which are scheduled to commence production in 2007, the Taparko-Bouroum Project in Burkina Faso (June) and the Berezitovy Project in Russia (August/September). Annual gold production from Taparko-Bouroum is planned at 100,000 ounces in year one increasing to over 140,000 ounces in the third year of operation, and annual production from Berezitovy will exceed 100,000 ounces. Combined with gold production from High River's 85%-owned Russian subsidiary, OJSC Buryatzoloto, High River's attributable gold production is expected to exceed 200,000 ounces in 2007, and 300,000 ounces in 2008. In addition, the Company has two advanced exploration projects, the Bissa Gold Project in Burkina Faso and the world-class Prognoz Silver Project in Russia. These projects are expected to significantly add to the Company's production profile in the future.


This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected. Risk and uncertainties about the Company's business are more fully discussed in the Management's Discussion and Analysis published in the Company's Annual Report and in the Annual Information Form.

Contact Information

  • High River Gold Mines Ltd.
    Dan Hrushewsky
    Vice President Investor Relations
    (416) 947-1440
    (416) 360-0010 (FAX)
    Email: info@hrg.ca
    Website: www.hrg.ca