Overview
| Stage | Production |
| Mine Type | Open Pit |
| Commodities |
|
| Mining Method |
|
| Processing |
- Gravity separation
- ROM/dump leach
- Carbon in leach (CIL)
- Cyanide (reagent)
|
| Mine Life | 3 years (as of Jan 1, 2017) |
Afrique Gold acquired the Bonikro gold mine from the Australian group Newcrest Mining Limited in March 2018.
No public production data has been available since then.
On March 1, 2021, Endeavour completed the sale of its interest in the non-core Agbaou mine in Côte d’Ivoire to Allied Gold Corp ("Allied Gold") for a consideration of up to $80 million with further upside through equity exposure in Allied Gold and a Net Smelter Return royalty.
Allied Gold is a private African operator which notably owns the nearby Bonikro mine. As a result of the transaction, the Bonikro-Agbaou operation was created. The Bonikro-Agbaou operation is comprised of multiple open pits, two processing plants with a total milling capacity of over 5Mtpa, and have the potential to produce over 285,000 ounces annually. |
Source:
| Company | Interest | Ownership |
|
Allied Gold Corp.
|
89.89 %
|
Indirect
|
|
LGL Mines CI SA.
(operator)
|
100 %
|
Direct
|
Allied Gold acquired the Bonikro mine in 2019.
Bonikro is owned and operated by LGL Mines CI SA. Allied Gold owns 89.89% of the company, with the balance held by the Côte d’Ivoire Government (10%) and a minority shareholder (0.11%).
Summary:
The Bonikro Gold Mine project area comprises the Bonikro and Hiré intrusion-related, shear-hosted orogenic gold deposits. The Bonikro gold mine is located in the Oumé Project area in central to southern Côte d’Ivoire approximately 230km northwest of Abidjan.
Summary:
Bonikro is a conventional truck and excavator open pit mine. Open pit mining is carried out on a seven day week production basis.
Standard drilling and blasting techniques are used in hard rock along with free digging in soft areas. Selected blast holes are sampled and assayed for production grade control purposes in hard rock, and trench sampling is conducted in soft areas.
Processing
- Gravity separation
- ROM/dump leach
- Carbon in leach (CIL)
- Cyanide (reagent)
Source:
Summary:
Broken and freely dug rock is loaded with an excavator into haul trucks. Depending on the block model determination or grade control results, the mined material is delivered to the run of mine pad, primary and secondary crusher, low-grade stockpile, or to waste rock dumps. The predominant method of gold recovery is via carbon in leach technology, with some gold recovered via a gravity circuit.
Recoveries & Grades:
| Commodity | Parameter | 2018 | 2017 | 2016 | 2015 |
|
Gold
|
Recovery Rate, %
| 87 | 90.7 | 93.9 | 95.1 |
|
Gold
|
Head Grade, g/t
| 2.29 | 1.62 | 1.82 | 1.99 |
Production:
| Commodity | Units | 2018 | 2017 | 2016 | 2015 |
|
Gold
|
oz
| 114,555 | 128,327 | 137,696 | 119,970 |
|
Silver
|
oz
| ...... | ...... | ...... | ...... |
All production numbers are expressed as metal in doré.
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Operational Metrics:
| Metrics | 2018 | 2017 | 2016 | 2015 |
|
Total tonnes mined
| 7,686 kt | 19,383 kt | 12,923 kt | 10,631 kt |
|
Ore tonnes mined
| 1,555 kt | 2,035 kt | 1,519 kt | 4,990 kt |
|
Tonnes milled
| 1,789 kt | 2,732 kt | 2,510 kt | 1,976 kt |
Reserves at December 31, 2016:
| Category | Tonnage | Commodity | Grade | Contained Metal |
|
Proven
|
8.7 Mt
|
Gold
|
0.74 g/t
|
0.21 M oz
|
|
Probable
|
2.7 Mt
|
Gold
|
2.6 g/t
|
0.22 M oz
|
|
Proven & Probable
|
11 Mt
|
Gold
|
1.2 g/t
|
0.43 M oz
|
|
Measured
|
8.7 Mt
|
Gold
|
0.74 g/t
|
0.21 M oz
|
|
Indicated
|
19 Mt
|
Gold
|
1.4 g/t
|
0.86 M oz
|
|
Inferred
|
1.6 Mt
|
Gold
|
2 g/t
|
0.1 M oz
|
|
Total Resource
|
29 Mt
|
Gold
|
1.3 g/t
|
1.2 M oz
|
Commodity Production Costs:
| | Commodity | Units | 2018 | 2017 | 2016 | 2015 |
|
All-in sustaining costs (sold)
|
Gold
|
USD
|
801 / oz†
|
1,105 / oz†
|
941 / oz†
|
738 / oz†
|
† Net of By-Product.
Financials:
| | Units | 2018 | 2017 | 2016 | 2015 |
|
Sustaining costs
|
M USD
| 4 | 11 |
15
|
|
|
Capital expenditures
|
M USD
| 16 | 25 |
32
|
15
|
|
Revenue
|
M USD
| 136 | 162 |
162
|
138
|
|
EBIT
|
M USD
| 20 | 9 |
28
|
33
|
|
EBITDA
|
M USD
| 69 | 48 |
63
|
62
|
|
Operating Cash Flow
|
M USD
| 52 | 65 |
76
|
|
Corporate Filings & Presentations:
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Aerial view:
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