Acquisition:
2022 / 08 / 15
Agreement:
Stream
Terms:
6% Au until 39 koz delivered; then
3.5% Au until 61,750 oz delivered; then
2% Au thereafter
Stream subject to minimum annual deliveries between 2024–2029
Ongoing Payment:
$400/oz
Bonikro is a producing gold-silver mine located in Côte d’Ivoire. The Bonikro mine is located approximately 67 km south of Yamassoukro, the political capital of Côte d’Ivoire, and approximately 240 km northwest from Abidjan, the commercial capital of the country.
The Bonikro operation consists of two primary areas—the Bonikro mining license and the Hiré mining license. Gold has been produced from the Bonikro open pit and through the Bonikro carbon-in-leach (CIL) plant since 2008 and over 1.0 Moz have been produced from Bonikro and Hiré. Hiré is a collection of three deposits and open pits that are approximately 5.0 kilometres from the Bonikro mine and utilize the same Bonikro processing plant. Production in the last few quarters of 2021 was focused on the Hiré pits.
In February 2024, mineral resources for Bonikro were reported by Allied Gold Corporation. As of December 31, 2023, Proven & Probable Reserves were 13.7 Mt grading 1.30 g/t Au containing 571 koz Au based on an open pit cut-off grade ranging from 0.68 – 0.74 g/t within Measured & Indicated Resources of 32.8 Mt grading 1.32 g/t Au containing 1.39 Moz Au (0.5 g/t Au open pit cut-off). The Mineral Resources are inclusive of Mineral Reserves.
