https://www.miningweekly.com
Africa|Crushing|Gold|PROJECT|Resources|Operations
Africa|Crushing|Gold|PROJECT|Resources|Operations
africa|crushing|gold|project|resources|operations

West African Resources looking at larger Kiaka

31st August 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner West African Resources is looking at an enlarged development option for its Kiaka gold project, in Burkina Faso.

West African executive chairperson Richard Hyde told delegates on the first day of Paydirt’s Africa Downunder conference, in Perth, that the company was looking to push Kiaka’s nameplate capacity from the 7-million tonnes a year considered in the recently released feasibility study to 8.4-million tonnes a year.

“We've also got the opportunity to expand that further to over 10-million tonnes per annum through additional crushing or de-bottlenecking,” he said.

The recently released feasibility study estimated that the 7-million-tonne-a-year operation would require a capital investment of $430-million, to produce 233 000 oz/y of yearly gold production in the first five years of operations, and 219 000 oz/y over the project’s 18.5-year mine life.

The study estimated a pre-tax free cashflow of $2.4-billion and a post-tax net present value of $856-million and an internal rate of return of 21% at a gold price of $1 750/t.

West African acquired a 90% interest the Kiaka project from B2Gold in 2021 in $100-million deal. The project is 45 km from West Africa’s existing Sanbrado operation, which Hyde previously said could offer some synergies.

Hyde told delegates on Wednesday that early works at Kiaka were already under way, with major earthworks planned for 2023, while first gold was targeted for 2025.

Edited by Creamer Media Reporter

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Magni SA
Magni SA

Magni SA is committed to developing the safest Telehandlers available to our customers for underground and surface mining, construction, forestry,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

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
PLUS
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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.287 0.324s - 108pq - 2rq
Subscribe Now