Operations

AGBAOU GOLD MINE, CÔTE D'IVOIRE

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The low-cost Agbaou Gold mine was constructed ahead of schedule and under budget, achieving commercial production on January 27th, 2014. The mine delivered record production in 2015 of 181,365 ounces of gold, up 23% over the previous year.

Agbaou's low cost profile is a result of high plant throughput, very high recoveries, as well as low cost and reliable grid power.

A secondary crusher was successfully commissioned in July, providing increased flexibility and maintaining throughput as the mine transitions to harder ores.


Overview

Ownership

  • 85% EDV, 10% Côte d’Ivoire, 5% SODEMI

Location

  • Approximately 200 km north of the port city of Abidjan, Côte d'Ivoire

Mine Attributes

  • Mining Method - Open Pit / Contractor Mining (BCM)
  • Processing - Gravity/CIL plant
  • Gold Recovery - Achieving 97% at present
  • Expected Mine Life - 7 years from current Reserves

Reserves and Resources

  • P+P Reserves - 13.2Mt @ 2.4 g/t for 1.0Moz
  • M+I Resources (incl. of Reserves) - 14.4Mt @ 2.5 g/t for 1.2Moz
  • Inferred Resources - 1.2Mt @ 1.7 g/t for 0.1Moz


Key Facts

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Exploration Potential

The 2015 exploration program fully replaced the ore mined during 2015 and added an additional year of free-dig oxide mine life which should allow the mine to maintain its current production level over the next few years. The mine reserve is now 13% greater than the 2014 pre-production rserve.

In 2016, exploration is expected to focus on the North pit and South pit extensions, the Agbaou South target, and to generate targets beyond the current resource boundaries.

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