Séguéla gold project, Côte d’Ivoire – update

Image of ore being fed into the Ségéla mine's mill

Photo by Fortuna Silver Mines

2nd June 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor


Font size: - +

Name of the Project
Séguéla gold project.

Worodougou region of the Woroba District, Côte d’Ivoire.

Project Owner/s
Fortuna Silver Mines.

Project Description
Séguéla has total mineral reserves of 12.06-million tonnes.

The project has a mine life of 8.6 years, during which it is expected to produce 1.03-million ounces of gold, with average gold production estimated at 120 000 oz/y.

The project involves the development of an openpit mining operation, targeting a series of openpit mines at the Antenna, Koula, Ancien, Agouti and Boulder deposits that will feed a central gold processing facility.

Conventional openpit mining methods will be used. Drilling and blasting are planned for oxide and fresh mineralised material, followed by conventional truck-and-shovel operations in the pits for the movement of mineralised material and waste.

The processing plant will have a capacity of 1.25-million tonnes a year, increasing to 1.57-million tonnes a year in Year 3 through a series of optimisation and debottlenecking measures.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 5% discount rate and gold price of $1 600/oz, of $380-million and an internal rate of return of 49%, with a payback of 1.7 years.

Capital Expenditure

Planned Start/End Date
The project is expected to take 20 months to complete, with first gold expected by mid-2023.

Latest Developments
Fortuna Silver Mines has announced the first gold pour at its Séguéla mine, becoming Fortuna’s fifth operating mine.

The project has been delivered on time and on budget.

Séguéla now enters into the ramp-up phase, during which management plans to achieve nominal rate of production during the third quarter.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Fortuna Silver Mines, email

Edited by Creamer Media Reporter



Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

SSG Consulting Project Management
SSG Consulting Project Management

SSG Consulting is your Global Specialist Capital Project Management Partner for Advisory, Project Controls, Resourcing and Execution capability....


Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (29/09/2023)
29th September 2023 By: Martin Creamer

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
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?







sq:0.096 0.177s - 93pq - 2rq
Subscribe Now