Boungou Operations

Development

Boungou is a high-grade gold deposit located in the Est region in southeastern Burkina Faso. Commercial production was achieved on September 1, 2018.

Highlights

  • Mining: Open pit
  • Processing: 4,000 tpd /CIP plant
  • Mine life: +7 years*
  • In 2020, we target
    • Production of between 130-150,000 oz
      • 42-46,000 oz in Feb-April
      • 88-104,000 oz in May-Dec.
    • AISC of between $680-725/oz
      • $530-560/oz in Feb-April
      • $745-$795/oz in May-Dec
  • Ownership: 90%

*based on year-end 2018 mineral reserves and resources.

 

Boungou 2020 Plan

Under our 2020 phased plan, the initial three-month phase contemplates processing the stockpile and utilizing the on-site supplies inventory with limited deliveries of new supplies.

Our plan foresees a restart of mining in the fourth quarter while continuing to process the current stockpile of 1.1 million tonnes at an average grade of 3.4 g/t Au, representing approximately ten months of mill feed. However, to increase the frequency of deliveries required to operate after the initial three months, we need the government to improve security on the public road and in the surrounding region. We are in discussions with the authorities regarding the necessary security plan.

 

Aerial View of Boungou 

Geology

The Boungou permit, which contains the Boungou deposit, lies within the Diapaga Greenstone Belt, a northeast-southwest orientated belt that extends over 250 kilometers in length and over 50 kilometers in width. SEMAFO holds four contiguous permits, collectively known as the Tapoa Permit Group, covering approximately 70 kilometers in strike length along the Diapaga Belt. Laterite and alluvium cover extensive (lateral) portions of the permit however both are generally less than 10 meters in thickness

2020 Exploration

The $1-million exploration program at Boungou for 2020 comprises 3,000 meters of reverse-circulation (RC) drilling and has the objective of identifying new near-mine resources.

More on the 2020 programme