The Karma mine was acquired by Endeavour in 2016 and announced first gold production in April 2016. Karma includes six identified gold deposits and is a shallow open pit with no blasting required and a low strip ratio, making it a low cost operation. Ramp up to full production is underway and Karma is forecast to produce around 110-120 koz of gold a year for the first five years, at an AISC of under $700/oz.
- 90% EDV, 10% Burkina Faso
- North-central Burkina Faso, near the city of Ouahigouya
Reserves and Resources
- Reserves - 33.2 Mt @ 0.89g/t for 0.9Moz
- M+I Resources (incl of Reserves) - 75.2MT @ 1.08g/t for 2.6Moz
- Inferred Resources: 65.3Mt @ 1.13g/t for 2.4Moz
- Mining Method - Shallow open pit
- Processing - 4Mtpa Heap Leach
- Gold Recovery - 87%
- Expected Mine Life - 8.5 years based on current reserves
Karma hosts a target-rich landscape with the essential hallmarks of a multi-deposit environment. The property consists of six contiguous exploration permits (Goulagou, Rambo, Kao, Rounga, Youba, and Tougou) totaling more than 856 sq km and includes more than 45 high-priority targets with high-grade rock values associated with gold-in-soil anomalies and historical workings that remain untested to date.
Limited exploration to date has delivered encouraging results. Recent drilling has reported positive results at priority targets, with seven targets drilled resulting in a 100% success rate demonstrating continuity of gold mineralization and highlighting the potential to add open-pittable oxide gold mineralization.