Funded and advancing to production
Financing is in place to build Sanankoro, through a binding US$120m gold stream term sheet and a recent equity raise, with the mining permit the final step before construction.
A low-cost, open pit operation with low strip ratio and predominantly oxide ore
Soft, free-digging ore needs no drilling and blasting and only simple processing, keeping capital and operating costs low and supporting recoveries of up to 97%.
Strong leverage to the gold price
With all-in sustaining costs well below today’s gold price, the economics strengthen sharply as prices rise: from a 65% post-tax IRR at US$2,750/oz to 98% at US$3,500/oz.
Significant room to grow
Work is underway to expand the 1.04Moz resource and extend mine life, with a longer-term ambition toward two million ounces
Proven team and supportive register
Led by a team that has discovered and built multi-million-ounce gold mines across West Africa, and backed by a diverse register including high-profile resource investors.
Key investment highlights
Investment case
Sanankoro is a funded, high-margin gold development project with a clear pathway to production, compelling exposure to the gold price and significant potential for further resource growth.