Shares of Tietto Minerals (ASX:TIE) saw a surge of as much as 10% to A$0.550 in trading, witnessing their largest intraday percentage gain since March 20.

The recorded jump is attributed to the company’s gold mining operation, which recently announced record production of 11,643 ounces of gold from its Abujar mine in West Africa.

Over the June quarter, Tietto produced a total of 15,592 ounces of gold, compared to 9,500 ounces in the March quarter.

The company is anticipating its mine to produce between 105,000 to 120,000 ounces of gold with an all-in sustaining cost estimated at $875-$975 per ounce.

Moreover, Tietto projects that Abujar will foster robust cash flows during the second half of the year.

Despite hitting its highest level since July 19, the company’s stock is down by 29.1% YTD, as compared to a 13.5% increase in the gold sub-index.

Tietto Minerals is a mining company focused on the exploration and development of gold deposits in West Africa.