Name: Tasiast mine.
Location: The Tasiast mine is located in north-western Mauritania, about 300 km north of the capital, Nouakchott, and 250 km south-east of the major city of Nouâdhibou.
Controlling Company: Kinross Gold Mining (100%).
Brief History: Tasiast began commercial operations in 2008. Kinross acquired its 100% interest in the Tasiast gold mine on September 17, 2010, on completion of its acquisition of Red Back Mining.
Brief Description: The Tasiast final pit design consists of a series of overlapping pits that extend along a strike length of about 8 km.
Geology/Mineralisation: Tasiast is located within an extensive gold system that is largely underexplored. The deposit is open along strike and at depth. Gold mineralisation occurs in two parallel trends – the Piment zone, which is continuous over a 4.5 km strike length, and the Greenschist zone (West Branch), with a strike length of about 1.5 km.
Reserves: Proven and probable reserves as at December 31, 2013, were 175.53-million tonnes grading at 1.71 g/t of gold.
Resources: Measured and indicated resources as at December 31, 2013, were 174.61-million tonnes grading 0.84 g/t of gold. Inferred resources were 14.15-million tonnes grading 1.46 g/t of gold.
Products: Gold.
Mining Method: Current mining operations consist of conventional openpit mining methods.
Major Infrastructure and Equipment: High-grade ore processing is based on three-stage crushing, ball milling and a carbon-in- leach circuit. Lower-grade oxide ore is processed in a run-of-mine heap-leach facility. In 2011, Kinross completed the construction of the West Branch dump leach and adsorption, desorption and refining facilities – the initial phase of the project expansion at Tasiast.
Prospects: On March 31, Kinross announced the results of its feasibility study for the Tasiast expansion project. The study, based on an optimal mill size of 38 000 t/d, produced promising results that indicated the potential to significantly increase cash flow per share, enhance the company’s production profile and reduce costs.
Contact Person: VP: investor relations Tom Elliott.
Contact Details:
Kinross Gold Mining,
Tel +1 416 365 5123,
Fax +1 416 363 6622,
Email info@kinross.com, and
Website http://kinross.com.