Karma is a mesothermal, shear-hosted gold deposit. The soft nature of the open pit material allows the majority of the ore and waste to be excavated without blasting, making it a low cost operation. Production began in early 2016 from five open pits and ore is processed with heap leaching. Recoveries are averaging between 85% and 90% and gold production from Karma totaled 98 kozs during 2017.
Karma hosts a target-rich landscape with the essential hallmarks of a multi-deposit environment. The property consists of six contiguous exploration permits (Goulagou, Rambo, Kao, Rounga, Youba, and Tougou) totaling more than 900 km2 and includes more than 45 high-priority targets with high-grade rock values associated with gold-in-soil anomalies and historical workings that remain untested.
The Proven and Probable Reserves as of Dec. 2016 totaled 37.9 Mt of 0.9 g/t material for 1.1 Mozs of contained gold (cut-off grades are 0.2 - 0.5 g/t depending on oxide, transition and sulphide material).
Gold production in 2018 is forecasted to be 105-115 kozs of gold at an AISC of $780-830 per ounce. Mining activities are expected to focus on the GG2 and Kao deposits.
Plant optimization work was completed in 2017 and included a newly installed front-end and ADR plant. The upgrades are expected to boost stacking capacity beyond 4.0 Mtpa.
More than 41,000 metres of exploration drilling occurred during 2017 with a focus on testing the extensions of the Rambo, Goulagou and North Kao deposits as well as the Yabonsgo target. Recently, a 600 metre-long mineralized area has been confirmed at Yabonsgo and at North Kao, a new parallel mineralized structure has been discovered to the east of the known zones.