gold
Dual-listed SEMAFO reports that construction of Boungou gold mine is 80% complete and remains on time for commissioning in Q3, 2018.

As at December 31, 2017, SEMAFO reports construction of the Boungou gold mine in Burkina Faso was 80% complete and remained on time for commissioning in the third quarter of 2018.

In addition, the following achievements have been made:

  • Development on budget with $159 million of the $231 million capital spent
  • Cash and restricted cash of $222 million as at December 31, 2017
  • Completion of concrete pour, some 70% of structural steel and 55% of mechanical installation
  • Erection of CIP tanks completed
  • Tailings storage facility was almost 70% completed
  • Completion of almost 80% of the power plant and over 70% of the fuel depot
  • Pre-stripping was over 50% completed with 9.7 million of the projected 18 million tonnes extracted
  • Installation of the SAG mill scheduled for completion at end of January 2018
  • 3.7 million person hours worked without lost-time injury

Feature image credit: Wikimedia