PRECIOUS METALS

First gold for West African at Sanbrado

An auspicious milestone has been achieved by West African Resources with first gold produced ahead of schedule at the very promising Sanbrado gold operation in Burkina Faso.

Staff reporter
 First gold at Sanbrado in Burkina Faso

First gold at Sanbrado in Burkina Faso

A 768 ounce bar was poured as plant construction and commissioning was completed, with 75,000t of ore grading 1.5 grams per tonne processed to date and 250,000t grading 1.5gpt of opencut ore currently stockpiled.

Underground development has also seen the first sub-surface ore mined, with stopes due to come into play in the third quarter.

The project is flagged to have average annual production over the first five years of 217,000oz gold and a 14-month post-tax pay back on US$186 million pre-production capital costs.

The project is expected to have all-in sustaining costs of less than $500 per ounce.

Founded and led by geologist Richard Hyde, West African Resources listed in 2010, with its discovery of the high-grade M1 South deposit a few years ago being the game changer.

Shares in West African Resources were unchanged at A45.5c in afternoon trade, capitalising the company at $410 million.

 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.