Asset report

Karma gold mine

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Report summary

Commercial production was declared in October 2016 following a US$131 million investment. Open pit mining is used with the ore treated via heap leaching. Ore reserves of 1.1Moz of gold as of end 2016 are sufficient to support a seven year mine life. The mine owned and operated by Endeavour Mining following its takeover of True Gold in April 2016. Franco Nevada and Sandstorm Gold provided US$100 million in project financing under a streaming deal. Under the deal the mine is to supply 20koz/a of gold from 31 March 2016 for five years and then 6.5% annually after that. The delivered gold will be paid at 20% of the spot price.

What's included

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  • Document

    Karma gold mine

    PDF 477.61 KB

  • Document

    Karma gold mine.xls

    XLS 122.50 KB

  • Document

    Karma gold mine.xls

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Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Geology
  • Operations
  • Sales contracts
  • Infrastructure
  • Costs
  • Fiscal and regulatory
  • Timeline

Tables and charts

This report includes 2 images and tables including:

Images

  • Detailed map

Tables

  • Key facts: Table 1

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