Agbaou Mine

The low-cost Agbaou Gold mine was constructed ahead of schedule and under budget, achieving commercial production on January 27, 2014. Agbaou's low cost profile is a result of high plant throughput, very high recoveries, as well as low cost and reliable grid power.

    Overview

    Ownership

    • 85% EDV, 10% government 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
    • Processing: Gravity/CIL plant
    • Gold Recovery: Achieving 97% at present
    • Expected Mine Life: 7 years from current Reserves

    Operating Performance

    Operational Data FY-2014 FY-2015 FY-2016
    Mining
    Waste (kt) 26,292 17,629 22,585
    Ore Mined - open pit (kt) 2,741 2,818 2,797
    Processing
    Ore Processed (kt) 2,241 2,665 2,827
    Grade (g/t) 2.10 2.15 2.27
    Recovery (%) 97% 97% 97%
    Production (oz) 146,757 181,365 195,505
    Cash Costs
    Cash cost per gold ounce sold (US$/oz) 523 462 430
    All-in Sustaining Costs (US$/oz) 621 576 534

    Technical Reports

    Download year list
    Date Download Description

    Reserves and Resources

    On a 100% basis. Resources shown inclusive of Reserves. Tonnage
    (Mt)
    Grade
    (Au g/t)
    Content
    (Au koz)
    Proven Reserves 1.0 2.20 69
    Probable Reserves 10.0 2.44 784
    P&P Reserves 11.0 2.41 853
    Measured Resource (incl of reserves) 1.9 1.41 85
    Indicated Resources (incl of reserves) 11.2 2.56 919
    M&I Resources (incl of reserves) 13.0 2.39 1,004
    Inferred Resources 1.1 1.73 60

    Timeline

    Maps

    Agbaou 5 year targets

    Agbaou gold in soil anomalies

    Agbaou site map

    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 reserve.

    An ongoing exploration program initiated in 2016 is focused on the North Pit and South Pit extensions, the Agbaou South target, and on generating targets beyond current resource boundaries. The company expects to conduct 45,000 metres of drilling in 2017.

    Latest News

    More news