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
