Overview
Stage | Production |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
|
Processing |
- Gravity separation
- Carbon in leach (CIL)
- Carbon adsorption-desorption-recovery (ADR)
- Cyanide (reagent)
|
No production data has been publicly available since the Company ceased to be a reporting issuer on May 3, 2018. |
Source:
Company | Interest | Ownership |
Baiyin International Investment Ltd.
|
34.5 %
|
Indirect
|
Shomka Capital Limited
|
65.5 %
|
Indirect
|
Shomka Resources Ltd.
(operator)
|
100 %
|
Direct
|
Canadian miner Banro Corporation has agreed to sell its Namoya Mining gold mine in Democratic Republic of Congo to a consortium of investors including Baiyin International Investment and Shomka Resources.
Summary:
The Twangiza property can be divided into three distinct litho-structural terrains which can be seen in the figure below. The eastern terrain is characterised by N-S trending Neoproterozoic sediments, which are part of the Itombwe synclinorium, a regional-scale fold which extends southwards from the Twangiza area for about 150 km.
The sediments in the Neoproterozoic terrain are generally very weakly metamorphosed. The dominant lithology is mudstone, often with a significant amount of carbonaceous material. Subordinate units of siltstone are commonly interbedded with the mudstone, being slightly coarser, more siliceous and harder. Quartz wacke and sandstone occur locally, but are usually confined to relatively thin beds or lenses which lack continuity.
In the vicinity of the Twangiza Main and North deposits, the Neoproterozoic sediments have been intruded by porphyritic sills, ranging in thickness from less than 1 m to over 50 m. The sills have undergone extensive hydrothermal alteration and the original composition is difficult to determine. However, it is possible that the sills are part of a suite of alkaline intrusive rocks that were emplaced along the line of the present-day Western Rift, at about 750 Ma. Small granitic intrusions have been found in the Neoproterozoic rocks, and have been locally exploited for tin by colonial prospectors and artisanal miners. It is believed these granites are younger than the G4 tin granites which were emplaced at 975 Ma, and may also be related to the same 750 Ma intrusive event as the porphyry sills.
The Twangiza Main ore body consists of a wide (up to 200 m) zone of pervasively altered mudstone, siltstone and porphyry sills, with abundant sulphidic veins. The veins form a complex irregular network, although veining parallel to bedding is relatively common. Hydrothermal fluids have exploited both the fracture system which developed during folding due to competency contrasts between the lithologies, and dilational zones between bedding planes to form saddle reefs.
Summary:
Mining operations are based on conventional open cast techniques. Excavation of the ore and waste rock on 2.5m high mining benches will be performed by hydraulic excavators in backhoe configuration loading out to 40 tonne nominal capacity articulated dump trucks (Bell B40D or Cat equiv.). Mining is free dig in the oxide zone with any harder transition and fresh materials drilled and blasted on 5.0 m benches.
Processing
- Gravity separation
- Carbon in leach (CIL)
- Carbon adsorption-desorption-recovery (ADR)
- Cyanide (reagent)
Source:
Summary:
The processing plant comprises portions of two second-hand plants which were purchased in Australia, respectively a crushing, screening and grinding section and a leach, adsorption and elution section. The proposed Twangiza Process Plant design is based on a well known and established Gravity/Leach & CIP technology, which consisted of three-stage crushing, ball milling, gravity recovery of free gold followed by leaching/adsorption of gravity tailings, elution & gold smelting and tailings disposal. However during further testing CIP tanks were changed to CIL which result in better recovery of the ore.
Recoveries & Grades:
Commodity | Parameter | 2017 | 2016 | 2015 | 2014 |
Gold
|
Recovery Rate, %
| ......  | ......  | ......  | ......  |
Gold
|
Head Grade, g/t
| 3.83 | 2.71 | 3.03 | 2.7 |
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Production:
Commodity | Units | 2017 | 2016 | 2015 | 2014 |
Gold
|
oz
| 109,871 | 104,438 | 135,532 | 98,184 |
All production numbers are expressed as metal in doré.
Operational Metrics:
Metrics | 2017 | 2016 | 2015 | 2014 |
Total tonnes mined
| ......  | | 3,284,874 t | 3,595,645 t |
Ore tonnes mined
| ......  | | 2,061,730 t | 1,927,744 t |
Tonnes milled
| ......  | 1,673,178 t of ore | 1,714,593 t of ore | 1,358,726 t of ore |
Stripping / waste ratio
| ......  | | 0.59 | 0.84 |
Waste
| ......  | | 1,223,144 t | 1,618,047 t |
Reserves at December 31, 2015:
Category | OreType | Tonnage | Commodity | Grade | Contained Metal |
Proven
|
|
6.21 Mt
|
Gold
|
2.19 g/t
|
0.44 M oz
|
Probable
|
|
21.47 Mt
|
Gold
|
2.01 g/t
|
1.39 M oz
|
Proven & Probable
|
|
27.67 Mt
|
Gold
|
2.05 g/t
|
1.82 M oz
|
Measured & Indicated
|
Oxide
|
11.06 Mt
|
Gold
|
1.89 g/t
|
0.67 M oz
|
Measured & Indicated
|
Transitional sulphide
|
11.06 Mt
|
Gold
|
1.42 g/t
|
4.02 M oz
|
Inferred
|
Oxide
|
1.56 Mt
|
Gold
|
1.2 g/t
|
0.06 M oz
|
Inferred
|
Transitional sulphide
|
8.27 Mt
|
Gold
|
1.17 g/t
|
0.31 M oz
|
Commodity Production Costs:
| Commodity | Units | 2016 | 2015 | 2014 |
Cash costs
|
Gold
|
USD
|
712 / oz
|
553 / oz
|
683 / oz
|
All-in sustaining costs (AISC)
|
Gold
|
USD
|
873 / oz
|
657 / oz
|
781 / oz
|
Financials:
| Units | 2016 | 2015 | 2014 |
Capital expenditures
|
M USD
| ......  |
|
|
After-tax Income
|
M USD
| ......  |
36.9
|
20.2
|
EBITDA
|
M USD
| ......  |
72.5
|
52.2
|
Corporate Filings & Presentations:
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