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Senegal

Mako Mine

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Summary

Mine TypeOpen Pit
StatusActive
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Mako Gold Mine is a high quality, open pit mine with potential mine life extension through several near-mine exploration opportunities.

Mako mining production is expected to cease at the end of H1 2025 with production transitioning to the processing of stockpile material. Stockpile processing is due to commence from July onwards and until all stockpile material is depleted, terminating in H2 2027.

In Q1 2025, the focus has been on two potential satellite deposits - Tomboronkoto and Bantaco - that will extend the Mako mine. Resolute started work on the Bantaco permit in early 2024. During Q1 2025, studies continued at Tomboronkoto with the team planning to submit the Environmental and Social Impact Assessment in H2 2025.

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

  • 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.

Gold mineralisation varies from approximately 10 to 50m in thickness along the approximately 750m strike length of defined mineralisation. Mineralisation dips at approximately 70° to the SSE and is defined to approximately 150m vertical depth. The deposit remains open at depth and to the west.

Dimensions
The gold mineralisation identified to date varies from 30m 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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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

2019 production numbers reflect five months production under Resolute ownership in FY19.
CommodityUnits20252024202320222021202020192018
Gold koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe87 157 
All production numbers are expressed as metal in doré. ^ Guidance / Forecast.

Operational metrics

Metrics2024202320222021202020192018
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2.3 Mt
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe1,062,611 t2,757 kt
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe2,629,895 bcm59,894 bcm
Tonnes processed  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe811,831 t1,793 kt
Stripping ratio  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe4.95

Production Costs

CommodityUnits20252024202320222021202020192018
Site cash costs (produced) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Cash costs Gold USD 546 / oz  
Total cash costs Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
All-in sustaining costs (AISC) Gold USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 687 / oz   655 / oz  
^ Guidance / Forecast.

Mine Financials

Units2025202420232022202120202019
Capital expenditures (planned) M USD  ....  Subscribe
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 4.6  
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 115.1  
Gross profit M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe
Pre-tax Income M USD  ....  Subscribe  ....  Subscribe
After-tax Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 16  
EBITDA M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe 55.8  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 25, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 25, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 25, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 25, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 25, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 25, 2025

Workforce

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required 2020
...... Subscription required 2019

Aerial view:

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