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Galiano Gold To Restart Mining Operations At Asanko Gold Mine By Late 2023
July 2023

Galiano Gold To Restart Mining Operations At Asanko Gold Mine By Late 2023

 

Asanko Gold Mine (AGM) in Ghana, a joint venture by Galiano Gold Inc. and South Africa’s Gold Fields Ltd., is set to restart hard rock mining operations in the fourth quarter of 2023 after a competitive bidding process. According to the mine’s feasibility report published in March 2023, the project boasts an 8.5-year mine life and a robust after-tax net present value of $343 million (based on $1,700 per gold ounce). Annual gold output, currently at 100,000-120,000 ounces, is predicted to double by 2025. With confirmed reserves of 48.9 million tonnes of gold mineral, the AGM comprises four main open-pit mining areas and a 5 million tonne-per-year carbon-in-leach gold processing plant.

Source: https://miningdigital.com/articles/galiano-awards-mining-contract-for-asanko-gold-mine-in-ghana