Mining Intelligence and News
Senegal

Mako Mine

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Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotMako is a high quality, open pit mine with attractive scale and potential life extension through several near-mine exploration opportunities.

At Mako, in 2023, Resolute successfully completed a pit cut back, exposing high grade areas that will be mined over the next two years. Key focus for 2024 is progress a Tomboronkoto near-mine satellite resource to extend the Mako mine beyond 2026.

Owners

SourceSource
CompanyInterestOwnership
Government of Senegal 10 % Indirect
Resolute Mining Ltd. 90 % Indirect
Petowal Mining Company S.A. (operator) 100 % Direct
Mako is owned and operated by Resolute’s Senegalese subsidiary, Petowal Mining Company S.A. Resolute has a 90% interest in Petowal and the Government of Senegal holds the remaining 10%.

Contractors

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Deposit type

  • Breccia pipe / Stockwork
  • Vein / narrow vein
  • Hydrothermal

Summary:

The Mako Mine is situated in eastern Senegal within the prolific Birimian age “Kenieba Window” geological complex that hosts multiple world class gold mining operations in eastern Senegal and western Mali.

Gold mineralisation is hosted mainly within the Felsic Unit which is sandwiched between two basalt sheets and is associated with disseminated and veinlet pyrite, quartz-carbonate-chlorite alteration and veining and is typified by zones of bleaching and hydrothermal brecciation within both the felsic unit and part of the Lower Basalt Unit.

Mineralisation is contained within a kilometre of strike length and over true widths varying between 5 and 40 metres. Mineralisation remains open at depth and previous deep drill holes have already identified higher grade shoots beneath the base of the open pit which are subject to further exploration to more fully assess their potential to support underground mining operations.

It is interpreted that the northeast striking structure controlled the flow of the gold bearing hydrothermal fluids, with the preferential chemistry/rheology of the felsic volcanic horizon acting as a favourable horizon for silicification and the deposition of the gold-pyrite mineral assemblage. Intensity of gold mineralisation appears to correlate with the intensity of pyrite development and exhibits good lateral and vertical continuity through the mineralised zone.

Mineralisation has a relatively simple geometry comprising a zone that varies from 30 to 60m in width, along the 1,700m strike length drilled to date. The zone dips approximately 20-30° to the northwest near surface, steepening to approximately 45° dip at depth.

Tomboronkoto satellite deposit
Mineral Resources at Mako decreased in line with mining depletion. Moreover, there is an additional Resources from the Tomboronkoto deposit.

Mineralisation is interpreted to be within a shear in the granodiorite unit. Intensity of gold mineralisation appears to correlate with the intensity of pyrite development and exhibits good lateral and vertical continuity through the mineralised zone.

Mineralisation has a relatively simple geometry comprising a zone that varies from 30 to 60m in width, along the 1,700m strike length drilled to date. The zone dips approximately 70° to the south southeast.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

2019 production numbers reflect five months production under Resolute ownership in FY19.
CommodityUnits2024202320222021202020192018
Gold oz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe87,187156,926
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics202320222021202020192018
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2.3 Mt
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,062,611 t2,757 kt
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,629,895 bcm59,894 bcm
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe811,831 t1,793 kt
Stripping / waste ratio  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4.95

Production Costs

CommodityUnits2024202320222021202020192018
Site cash costs (produced) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Cash costs Gold USD 546 / oz  
Total cash costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
All-in sustaining costs (AISC) Gold USD 687 / oz   655 / oz  
All-in sustaining costs (AISC) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
^ Guidance / Forecast.
** Net of By-Product.

Financials

Units202420232022202120202019
Capital expenditures (planned) M USD  ....  Subscribe
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 4.6  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 115.1  
Gross profit M USD  ....  Subscribe  ....  Subscribe
Pre-tax Income M USD  ....  Subscribe
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 16  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 55.8  

Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Apr 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Apr 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Apr 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Apr 22, 2024
....................... Subscription required ....................... Subscription required Subscription required Apr 22, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required 2020
...... Subscription required 2019

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