Name of the Project
Tasiast 24k project.

Location 
Mauritania.

Project Owner/s
Kinross Gold.

Project Description
Tasiast has reserves of 120.84-million tonnes grading 1.9 g/t gold. Total measured and indicated resources are estimated at 70.68-million tonnes grading 1.2 g/t gold. Inferred resources are estimated at 6.32-million tonnes grading 1.9 g/t.

Based on the Tasiast 24k project feasibility study, a continuous improvement approach to increasing throughput will be undertaken, which is expected to ramp up to 21 000 t/d by the end of 2021, and then to 24 000 t/d by mid-2023.

The project is expected to extend the life-of-mine to 2033.

Throughput increases are expected to be achieved through minor upgrades and debottlenecking initiatives in the plant.

The project includes modifications to the existing grinding circuit, adding new leaching and thickening capacity, as well as incremental additions to on-site power generation and water supply.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an estimated after-tax net present value, at a 5% discount rate, of $1.7-billion and an incremental internal rate of return of 60% (based on a $1 200/oz gold price).

Capital Expenditure
Capital expenditure is estimated at $150-million.

Planned Start/End Date
During the quarter ended June 30, 2023, construction and initial commissioning were completed at the Tasiast 24k project, on schedule and budget.

Latest Developments
The process plant has regularly achieved the designed 24 000 t/d throughput for sustained periods of time during the quarter.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
©, tel +1416365 5123 or email info@kinross.com.