The project is owned and operated by Sunridge Gold. There are 4 advanced deposits, the Gupo (gold), Debarwa (Cu-Au), Adi Nefas (Zn-Cu-Au) and the Emba Derho (Cu-Zn-Au). A feasibility study completed on the project has average annual production of 65Mlb Cu, 184Mlb Zn, 42koz Au and 1Moz Ag.
This Gold Metals Mine report provides a detailed analysis of the cost profile, geology, reserves and future production for this mine, as well as a detailed location map.
Gold producers, advisors and financial companies can use this report to better understand asset value and efficiency of the operation. It will also help you benchmark against similar mines, identify acquisition opportunities and examine evolving cost structures to strengthen business strategies.
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The Asmara project consists of four VMS deposits: the Debarwa deposit 25km south of Asmara, and the Northern deposits (Emba Derho, Adi Nefas and Gupo Gold) located 15km north of Asmara.
A feasibility study was completed in May 2013 and amended in 2014. The study estimated a mine life of 17 years with average annual production of 22kt Cu, 50kt Zn, 26koz Au and 665 Koz Ag.
In Q2 2016, Sunridge Gold Corp sold their 60% interest in the Asmara Mining Share Company (AMSC) which owns the project to Sichuan Road & Bridge Mining Investment Development Corp. Ltd (SRBM) for US$65 million in cash, $13.33 million in deferred payments owned to Sunridge from the Eritrean National Mining Corporation (ENAMCO).
Reserves and resources
In this report there are 4 tables or charts, including:
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Asset report | Nov 2016
Asmara gold mine project
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