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Full-year output at Amara’s Burkina Faso play down 25%

22nd January 2013

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – West Africa-focused gold miner Amara Mining on Tuesday reported that gold production at its Kalsaka mine, in Burkina Faso, fell by some 25% to 53 544 oz in 2012, down from 71 505 oz in 2011.

Nevertheless, full-year output was in line with the company’s revised 2012 production guidance, Amara CEO Peter Spivey said in a statement.

The London- and Toronto-listed company stated that the lower gold output reflected Kalsaka's approach to the end of its mine life and an unusually wet season in Burkina Faso.

Total ore mined slumped by 14% from some 1.8-million tons in 2011 to 1.6-million tons in 2012, but Amara expected the average head grade of the ore processed to strengthen in 2013, as material from the neighbouring Sega gold project became available.

Trucking of material at Sega was expected to start midway through the year, with the company reporting a combined production guidance from Kalsaka and Sega of between 50 000 oz and 60 000 oz for this year. 

Output from Sega was expected to start before Kalsaka's remaining reserves were exhausted, ensuring uninterrupted production.

Amara expected to receive the environmental permit for Sega in the first quarter of this year, with a mining licence to be awarded shortly thereafter.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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