Why the Firefinch (ASX:FFX) share price has surged 12% today

The Firefinch Ltd (ASX: FFX) share price has rocketed today after the company released a positive quarterly gold production report.

During late-morning trade, the mineral exploration company’ shares rose to a high of 25.5 cents. However, the Firefinch share price has since given back some of those gains, retreating to 22 cents, up 12.5% at the time of writing.

What’s driving the Firefinch share price up today?

For the December quarter, Firefinch reported that it had previous forecasts by producing 4,228 ounces of gold last month. The positive result was attributed to processing tailings of the previous metal from the Morila gold mine.

In total, 7,683 ounces of gold has been extracted and processed from the open gold pit since…