Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Mining

Burkina Faso: Yaramoko to produce 40% more gold with South Bagassi deposit

Tuesday, 07 November 2017 18:06

(Ecofin Agency) - Roxgold has released on Monday, the results of the feasibility study for the South Bagassi deposit at its Yaromoko gold project, in Burkina Faso.

The deposit’s development should boost Yaramoko’s annual output by 40% or 40,000 ounces, bringing it to 150,000 ounces per annum.

Moreover, the study stated that an investment of $29.6 million will be needed to start production at South Bagassi. The net value after tax of the project was estimated to $50 million and its internal profitability rate was valued at 53.2%.

“Like the neighbouring 55 Zone, the economics of this additional high grade feed source are highly accretive and generate increased cashflow from a modest capital outlay,” said John Dorward, CEO of Roxgold.

Over the first nine months of the year, the Yaramoko project has delivered an output of 91,970 ounces of gold, of which 24,410 oz in the third quarter alone.

Louis-Nino Kansoun





 
Finance


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.