AIM-listed Amara Mining will unveil the feasibility study for its Yaoure gold project in the Ivory Coast in early 2015, it has announced in its Q1 2014 results. The preliminary economic assessment for the project has already been completed.
Amara Mining executive chairman John McGloin commented that Yaoure was an exciting development, with compelling economics making it one of the few projects that remain resilient at low gold prices.
“We have commenced the in-fill drilling programme at Yaoure, that which will allow us to deliver two mineral resource updates in H2 2014 and an initial FS in Q1 2015,” revealed McGloin.
The company’s Kalsaka and Sega operations in Burkino Faso saw a 72% increase in production in the first quarter this year, when compared to the first quarter of 2013, while total cash costs decreased by 11% during this period.
/* Style Definitions */
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;