Report summaryThe Banfora Gold Project is fully permitted with EIA approval with a granted mining lease. The accompanying analysis assumes the start up of a 2Mt/a standalone heap leach operation followed by the staggered development of the incremental 1Mt/a Carbon-In-Leach (CIL) processing plant. Initial capital expenditure was estimated at US$85 million for the heap leach operation and an additional US$45 for the conventional CIL plant. The accompanying analysis assumes the latter is financed through cash flows generated from the early years of the heap leach operation.
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