Gold price PM
Change Connecting

LSEShare price  

 

Change Connecting


Profile header image

Profile

Amara Mining, previously Cluff Gold plc, was formed in November 2003.  The Company floated on the London Stock Exchange's AIM in December 2004. In October 2012 the Company changed its name to Amara Mining plc and trades under the ticker "AMA".

9.1Moz Mineral Resources

Amara's resources increased by 71% in 2013, following the 6.3Moz Mineral Resource update at its Yaoure Gold Project. The Company has the largest resource base of any London-listed junior gold miner and Yaoure is the largest gold deposit in Côte d’Ivoire.

Rapid growth profile

Yaoure has the potential to produce 325,000 ounces per annum over a 12 year mine life, which ranks the project as one of the top 10 gold mines in Africa and top 50 in the world by production. Its operating costs are also among the bottom 5 in Africa, generating compelling returns for investors.

Fully-funded to deliver Pre-Feasibility Study for Yaoure

Amara raised US$30.5 million through a placing and open offer in Q1 2014 and it is now fully-funded to deliver a Pre-Feasibility Study for Yaoure in Q1 2015. An in-fill drilling campaign at the project is now underway and the first of two Mineral Resource updates was delivered in September 2014, with the second expected in December 2014.

Experienced management team

Since John McGloin, Chairman and Chief Executive Officer, joined Amara in April 2012, the Company's resource base has more than doubled, adding significant value to Amara. John's background is in resource geology, complimented by extensive capital markets experience as an analyst. Pete Gardner, Finance Director, is a chartered accountant with strong corporate finance experience.

A low risk approach

Amara adopts a low-risk approach in all of its activities and while focus in 2014 is on Yaoure, the Company has a second strong growth opportunity in its Baomahun Gold Project in Sierra Leone.


Parlez-vous Français? Amara en Français

Related Links