Takeover target True Gold starts leaching at Karma, with first gold mere weeks away
TORONTO (miningweekly.com) – Canadian project developer True Gold has started irrigating ore on the heap leach pad at its Karma gold project, in Burkina Faso, and reported Tuesday that commissioning of the absorption, desorption and refining plant was well under way.
Mining was ahead of schedule, with about 600 000 t of above-average grade stockpiled.
True Gold expected the project to pour its first gold at the end of the month.
"With gold production only weeks away and almost five months of mining under our belts, we are pleased to see mining costs tracking in-line with the feasibility study. We have purchased all key supplies and reagents and are seeing the benefits of lower prices for fuel, cement and cyanide at below feasibility cost estimates," stated True Gold president and CEO Christian Milau.
The Vancouver-based miner reported that the operations team was fully staffed and actively engaged in the ramp up to commercial production. The crushing, agglomerating and stacking was now operating on a 24/7 schedule and had been treating ore at a rate of 600 t/h.
Last week, Endeavour Mining moved to acquire the company for its 90% interest in Burkina Faso's Karma project in an all-scrip deal valued at about C$191-million. The deal would create a new West Africa-focused intermediate gold producer, with a portfolio of low-cost producing assets spread across Côte d’Ivoire, Mali, Burkina Faso and Ghana.
Comments
Research Reports
Projects
Latest Multimedia
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
