Advancement in Côte d’Ivoire
Centamin is forging ahead with its aspirations in the gold-rich soils of Côte d’Ivoire, buoyed by the promising results of a definitive feasibility study. The oblique rays of optimism are shining upon the Dropo gold project, propelling the company towards application for a mining license.
Golden Potential
The study serves as a glowing testament to the potential of the Dropo project, painting a picture of prosperity. Projections indicate a gleaming yield of over 200,000 ounces per year in the initial quinary phase of production. Moreover, the all-in sustaining cost is anticipated to dance around $1,047 per ounce sold over the 10-year lifespan, holding an average of $971 per ounce for the premier quintet of years.
Mineral Wealth Revelation
In a rejoicing revelation, the mineral reserve estimate roars with a ferocity of 1.88 million ounces, echoing the findings of the preceding study with a superior average grade of 1.53 grams per ton of gold, a step above the 1.44 grams per ton in the antecedent reckoning.
Financial Evolution
The company’s metamorphosis is evident in the escalated capital expenditure estimate for the Dropo project. The revised figure now stands tall at $373 million, a leap from the $349 million declared in the prior assessment, underlining Centamin’s vigorous commitment to nurturing this gleaming opportunity.