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