Our Countries of Operation
Amara has assets at all stages of the development pipeline and across four countries in West Africa.Kalsaka/Sega
is a producing mine in Burkina Faso, which is expected to produce 60,000-70,000 ounces of gold in 2014 and produced 42,348 ounces of gold in 2013. It generates cash flow, which funds Amara's general and administrative (G&A) costs and underpins the Company's exploration expenditure across West Africa.
Yaoure and Baomahun are Amara's growth projects. Yaoure
is an advanced exploration project in Côte d’Ivoire. A preliminary Economic Assessment was delivered in Q1 2014, confirming strong returns and large scale production (averaging 325,000oz/annum) at a low total cash cost (US$655/oz) over a 12 year life. It is projected to be one of the top 10 largest gold mines in Africa and top 50 in the world.Baomahun
is a development project in Sierra Leone. The Feasibility Study
for the project was completed in Q2 2013 and generated average annual production of 93,460 ounces at a total cash cost of US$799/oz over an 11.5 year life of mine.
Amara owns three early-stage exploration licences in Liberia: Cestos, Kle Kle and Zwedru. Cestos is the most advanced of the three, with encouraging results received from drilling and trenching.
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