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Cote d'Ivoire

Tongon Mine

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Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Tongon mine is planned to enter care and maintenance by 2027 due to declining resources. Gold production for the full year 2024 was below the guidance range driven by lower than planned grades and recoveries.

Systematic near mine exploration has identified additional inventory and upside along key prospective corridors, which are designated for aggressive follow-up in 2025.

On the Nielle permit, exploration continues to identify new opportunities along the northern Stabillo and Eastern Corridor trends, building on the success of recent years. Jubula Main and Koro A2 were added to Life of Mine reserves, and exciting new targets were delineated in the neighbouring Korokaha North exploration permit.

The prefeasibility study was completed at Fonondara on the Boundiali permit highlighting the potential of the deposit as a high-grade Tongon satellite. Upside remains along sparsely tested portions of the Fonondara Structure to the north and south, as well as at depth.

Owners

SourceSource
CompanyInterestOwnership
Government of Côte d’Ivoire 10 % Indirect
Barrick Gold Corp. 89.7 % Indirect
The Tongon gold mine and associated mining permit is owned by Société des Mines de Tongon SA (Tongon), in which Barrick has an 89.7% interest, the State of Côte d’lvoire 10%, and 0.3% is held by Ivorian investors.

As of December 2024, the sale process for Tongon in Côte d’Ivoire is ongoing.

Contractors

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Deposit type

  • Skarn

Summary:

Tongon was identified as a skarn gold deposit in 2013 and well-developed spatial and temporal mineral zonation patterns, typical of gold skarns, are evident in both the SZ and NZ. Zonation is classified based on garnet: pyroxene ratios, chemistry of the major calc-silicate phases, the skarn colour and grain size, and the degree of retrograde replacement (epidote-clinozosite, prehnite-pumpellyite).

The Tongon mine is located within the north northeasterly to northeasterly trending Birimian Senoufo greenstone belt, which extends from Kani in the south, northward into Burkina Faso for a distance of greater than 200 km. Basement granitoid-gneiss terranes flank the belt to the west and east.

The Senoufo belt comprises a western basaltic sequence, a central andesitic volcanic volcaniclastic package, and an eastern back-arc basin infill sequence of meta-sedimentary units consisting of finegrained siliciclastic rocks including shales, carbonaceous shales, greywackes and quartz-mica schists. Felsic-intermediate calc-alkaline plutons, of various generations and sizes, intrude the volcanicsedimentary packages.

Gold mineralisation occurs in two zones, namely Tongon North and Tongon South. Both zones are characterized by a sequence of volcaniclastic rocks, ranging from coarse grained polymictic breccias, to fine grained tuffs intercalated with carbonaceous sedimentary units. Immediately to the west of the orebodies, a granodiorite-diorite pluton intrudes the volcaniclastic sequence and appears to postdate mineralisation. Late porphyritic and gabbroic dykes are seen crosscutting all lithologies.

The Senoufo belt is largely controlled by a series of northnortheasterly to northeasterly striking thrust faults. A 3 km wide zone of east northeast striking transfer faults cut across the Senoufo belt in the vicinity of Tongon. These transfer faults link thrust faults to the north and south. The Tongon orebodies themselves are located in and adjacent to a kilometre-scale jog in one of these transfer faults. A post mineralisation granodiorite-diorite pluton on the immediate northwestern side of Tongon was also emplaced in this jog.

An earlier phase of intense calc-silicate alteration was followed by a silica ankerite±biotite±chlorite±prehnite alteration event coincident with sulphide and gold mineralisation. The Tongon South orebody is characterized by multiple, structurally controlled, north to northeasterly trending, shallow to moderately northwest dipping lodes, which extend for approximately 1.5 km along strike, and which may represent a thrust duplex. The shears appear to terminate along the contact with the diorite pluton. These structures control both main stages of hydrothermal alteration as well as gold mineralisation. Individual lodes mainly vary in thickness from less than 5 to 20 m.

Mineralisation at both deposits consists of disseminated pyrrhotite, pyrite, arsenopyrite, löllingite and minor chalcopyrite. High-grade zones at Tongon South are associated with elevated tungsten (W) concentrations in the form of scheelite. The majority of the gold at Tongon is associated with arsenopyrite as small inclusions (generally <10 µm) and rarer colloidal and lattice bound gold. Silver contents of native gold grains average approximately 10 wt%.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits20252024202320222021202020192018201720162015
Gold koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe273 230 289 261 243 
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics2024202320222021202020192018201720162015
Stripping ratio  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe5.03
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,256 kt3,065 kt4,334 kt4,195 kt3,563 kt
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe21,425 kt
Total tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe25,681 kt18,582 kt24,536 kt27,547 kt28,826 kt
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4,198 kt3,491 kt4,360 kt3,853 kt4,018 kt

Production Costs

CommodityUnits202520242023202220212020201920182017
Cash costs (sold) Gold USD 638 / oz  
Total cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 789 / oz   785 / oz   676 / oz  
Total cash costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 787 / oz **  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 846 / oz  
All-in sustaining costs (sold) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 844 / oz **  
All-in costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 848 / oz  
All-in costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 846 / oz **  
^ Guidance / Forecast.
** Net of By-Product.

Operating Costs

Currency202420232022202120202019
OP mining costs ($/t mined) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Mine Financials

Units20242023202220212020201920182017
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 11   11.3   9.1  
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 11  
Growth Capital M USD  ....  Subscribe
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 384   291.1   368.8  
Operating Income M USD  ....  Subscribe  ....  Subscribe 30.8   95  
Pre-tax Income M USD 95.4  
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -29   67.7  

Personnel

Mine Management

Job TitleNameEmailProfileRef. Date
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Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2021
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...... Subscription required ...... Subscription required ...... Subscription required 2019
...... Subscription required ...... Subscription required ...... Subscription required 2017
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...... Subscription required ...... Subscription required ...... Subscription required 2014

Aerial view:

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