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Construction|Exploration|Gold|Mining|PROJECT
Construction|Exploration|Gold|Mining|PROJECT
construction|exploration|gold|mining|project

Koné gold project, Côte d’Ivoire

Image of a drill rig at the Krône project

Photo by Montage Gold

7th June 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Koné gold project.

Location
About 350 km north-west of Yamoussoukro, Côte d’Ivoire.

Project Owner/s
Montage Gold.

Project Description
The project is based on three openpit gold deposits feeding a central gold-processing facility.

The project has an average yearly mining rate of 42.4-million tonnes and will produce an average of 223 000 oz/y of gold over the 16-year life-of-mine for total gold production of 3.57-million ounces.

There is upside potential through regional exploration and identification of satellite pits similar to Koné’s Gbongogo Main deposit that could be mined and trucked to a central processing facility. The process plant will have a nominal throughput of 11-million tonnes a year with a grind size of 80% passing (P80) 75 µm.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $1.44-billion and an internal rate of return of 34.6%, with a payback of 2.6 years.

Capital Expenditure
Initial capital expenditure is estimated at $712-million.

Planned Start/End Date
Construction is expected to start in the fourth quarter of 2024.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Montage Gold, tel +1 416 963 5777.
 

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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