PRECIOUS METALS

First gold for West African at Sanbrado

Promising project has superb-looking metrics

Staff reporter

This article is 4 years old. Images might not display.

A 768 ounce bar was poured as plant construction and commissioning was completed, with 75,000t of ore grading 1.5 grams per tonne processed to date and 250,000t grading 1.5gpt of opencut ore currently stockpiled.

Underground development has also seen the first sub-surface ore mined, with stopes due to come into play in the third quarter.

The project is flagged to have average annual production over the first five years of 217,000oz gold and a 14-month post-tax pay back on US$186 million pre-production capital costs.

The project is expected to have all-in sustaining costs of less than $500 per ounce.

Founded and led by geologist Richard Hyde, West African Resources listed in 2010, with its discovery of the high-grade M1 South deposit a few years ago being the game changer.

Shares in West African Resources were unchanged at A45.5c in afternoon trade, capitalising the company at $410 million.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.