Location
Senegal, West Africa
Ownership
90% IAMGOLD; 10% Government of Senegal
Project Status
Feasibility Study announced October 22, 2018
Reserves and Resources (Attributable Basis)
- Total Proven and Probable Reserves of 1.7 million ounces.
- Total Indicated Resources (inclusive of Reserves) of 2.2 million ounces.
- Total Inferred Resources of 0.1 million ounces.
Project Highlights
Project Economics and Key Parameters |
Mining Capacity |
18.2 Mtpa |
Milling Capacity |
2.75 Mtpa |
LOM Average Annual Gold Production |
140,000 oz. |
LOM Average Recovery Rate |
89.5% |
Mine Life |
12.8 years |
LOM Average Total Cash Costs |
$714/oz |
LOM Average AISC |
$753/oz |
Average Grade |
1.71 g/t Au |
Average LOM Strip Ratio |
5.8:1 |
Estimated Capital Expenditure |
|
Initial Capital |
$254 million |
Sustaining Capital |
$66 million |
Closure Costs |
$63 million |
Gold Price Assumption used in financial analysis |
$1,250/oz |
After-tax NPV (6%) |
$261 million |
After-tax IRR |
23.0% |
Payback Period |
3.4 years |
€ /US$ exchange rate of 1:1.20; Oil price of $75 per barrel