Asset report
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6 Pages

Asmara gold mine project


Asmara gold mine project

Report summary

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. 

What's included?

This report includes 2 file(s)

  • Asmara gold mine project PDF - 2.69 MB 6 Pages, 3 Tables, 1 Figures
  • Asmara gold mine project XLS - 121.00 KB

Description

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.

Wood Mackenzie's cost methodology is the established global industry standard, relied on by the world’s leading investment banks and mining companies to make strategic, operational and investment decisions.

Our analysts are based in the markets they analyse, working with high-quality proprietary cost databases and cost curve analyses to write consistent and reliable insights. Our database includes over 2,450 asset analyses covering more than 1,000 companies worldwide.

  • Key facts
  • Summary and key issues
    • Summary
    • 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.
    • Key issues
    • 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).
  • Location maps
  • Participation
  • Geology
    • Debarwa
    • Emba Derho
    • Adi Nefas
    • Gupo
  • Reserves and resources
  • Costs
    • CAPEX
  • Timeline

In this report there are 4 tables or charts, including:

  • Key facts
    • Key facts: Table 1
  • Summary and key issues
  • Location maps
    • Detailed map
  • Participation
  • Geology
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Costs
  • Timeline
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