Our OperationsOur Existing Projects
Amara Mining is a West African focused gold developer-producer. The Company has a diversified portfolio of assets at all stages of the growth pipeline.
The Company self-funds exploration through cash flow generated from its producing asset, Kalsaka (78%) in Burkina Faso, located 150km northwest of the capital Ouagadougou. Fully commissioned in June 2009, it is targeting 50-60,000 ounces of production in 2013. Kalsaka's production profile was enhanced by the recent acquisition of the neighbouring Sega project (90%), which is expected to begin production in Q3 2013. Together, the two assets deliver near term cash flow which underpins the Company's exploration expenditure across West Africa.
As well as Kalsaka-Sega, Amara owns the Baomahun Gold Project in Sierra Leone (100%) and the Yaoure Gold Project in Côte d’Ivoire (90%). Baomahun is a feasibility-stage gold project located 180km east of the capital Freetown. It is expected to produce 135,000 ounces of gold per annum starting in H2 2015, with significant exploration potential along strike.
Yaoure is an advanced exploration project in central Côte d’Ivoire. Amara is investigating the project's significant sulphide resource potential and released a Mineral Resource update in Q1 2013 of 0.3 million Indicated ounces (8.0Mt at 1.31g/t) and 1.7 million inferred ounces (34.6Mt at 1.52g/t). The existing mine infrastructure at Yaoure, which includes a nearby hydroelectric dam capable of supplying low cost power for a sizeable milling operation and abundant, makes Yaoure a prime location for a CIL/CIP operation.
Peter Spivey is a “Qualified Person” within the definition of National Instrument 43-101 and has reviewed and approved the information contained within these webpages. Mr Spivey (BSc, AusIMM) is the Chief Executive Officer of the Company.