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
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