Kurmuk gold project, Ethiopia
Name of the Project
Kurmuk gold project.
Location
Benishangul Gumuz region of western Ethiopia.
Project Owner/s
Kurmuk Gold Mine, a wholly owned subsidiary of Allied Gold.
Project Description
Kurmuk has been designed as a two-phase project.
The Kurmuk development plan proposes the upgrading of the processing plant’s capacity from 4.4-million tonnes a year to 5.4-million to 5.7-million tonnes a year. This expansion uses major equipment already owned by the company.
The expanded project aims to achieve average gold production of nearly 275 000 oz/y for the first four years and an average of over 240 000 oz/y over a ten-year mine life, based solely on mineral reserves. This compares favourably with the original project, which would have averaged gold production of 200 000 oz/y with similar capital costs.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Total capital is estimated at $500-million.
Planned Start/End Date
First gold is expected in the second quarter of 2026.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Allied Gold, email IR@alliedgold.com.
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