The Montagne d’Or project is located in northwest French Guiana 180 km west of the capital, Cayenne. The project occurs within the Guiana Gold Belt, which stretches from western Venezuela eastward through Guyana, Suriname, French Guiana and into Brazil.
Montagne d’Or is a volcanogenic gold deposit that is expected to be mined by open pit with a gravity and carbon-in-leach plant to extract the gold.
A Feasibility Study was completed in March of 2017 and estimated initial capital costs to be $535 million for a project with life of mine gold production of 2.57 Mozs over 12 years. The mine life is supported by September 2016 Proven and Probable Reserves of 54.1 Mt grading 1.6 g/t gold (0.4 g/t cut-off). The mine is expected to recover 94% of the gold on average.
Recent Activity
February 2024
Orea announced it has commenced wind-up activities for the company as it has exhausted all options to advance the development of the Montagne d’Or project.
