Modern Mining Marchh 2017

GOLD

of producers. Moreover, a rapid payback on the capital invested is anticipated with over US$70 million expected to be generated in the first full year of production. The average annual gold production over a Life of Mine (LOM) of eight years is estimated at 107 000 ounces although the first full year of operation will see 132 000 ounces being pro- duced. In all, some 8,7 Mt of ore (at an average grade of 2,95 g/t and a LOM strip ratio of 11,9 to 1) will be mined over the LOM to produce a total of 770 000 ounces. Comments Monro: “The impressive

Above: View of CIL tank construction from the top of the tower crane. Above left: A recent view of the Yanfolila site with the tower crane in place at the processing plant site. Left: Location of Humming- bird’s two gold projects in West Africa.

March 2017  MODERN MINING  21