Location
Senegal, West Africa
Ownership
90% IAMGOLD; 10% Government of Senegal
Project Status
Optimization Study announced January 13, 2020
Reserves and Resources (Attributable Basis)
- Total Proven and Probable Reserves of 1.4 million ounces.
- Total Indicated Resources (inclusive of Reserves) of 1.8 million ounces.
- Total Inferred Resources of 0.4 million ounces.
OPTIMIZATION STUDY HIGHLIGHTS (100% BASIS)
| Project Economics and Key Parameters |
FS-2018 |
Optimization study 2019 |
Optimization study 2019 |
| Gold Price Assumption used in financial analysis |
$1,250/oz |
$1,250/oz |
$1,350/oz |
| Mining Capacity at peak |
33 Mtpa |
38 Mtpa |
38 Mtpa |
| Milling Capacity (hard rock equivalent) |
2.5 Mtpa |
2.7 Mtpa |
2.7 Mtpa |
| Average Annual Gold Production (Years 1-6) |
160,000 oz |
160,000 oz |
160,000 oz |
| LOM Average Annual Gold Production |
140,000 oz |
130,000 oz |
130,000 oz |
| LOM Average Recovery Rate |
89.4% |
89.4% |
89.4% |
| Mine Life |
12.8 years |
11 years |
11 years |
| LOM Average Total Cash Costs |
$714/oz |
$760/oz |
$778/oz |
| LOM Average AISC |
$753/oz |
$824/oz |
$842/oz |
| Average Grade |
1.71 g/t Au |
1.71 g/t Au |
1.71 g/t Au |
| Average LOM Strip Ratio |
5.8:1 |
7.5:1 |
7.5:1 |
| Estimated Capital Expenditure |
|
|
|
| Initial Capital |
$254 million |
$271 million |
$271 million |
| Sustaining Capital |
$66 million |
$68 million |
$68 million |
| After-tax NPV (6%) |
$261 million |
$150 million |
$219 million |
| After-tax IRR |
23.0% |
17.7% |
22.6% |
| Payback Period |
3.4 years |
3.8 years |
3.2 years |
€ /US$ exchange rate of 1:1.20; Oil price of $75 per barrel.
Note: the Company has the option to lease finance mining equipment
Gold Sensitivity – Project Economics (100%)
