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Deal #7434 Version #79617

Burkina Faso

Created at

2019-11-19

Last update

2019-11-26

Land area

Size under contract (leased or purchased area)

[2014, current] 108900.0 ha

Comment on land area

The Wahgnion gold project includes both a permitted mine license with an area of 89km2 (8900 hectares) and five surrounding exploration permits totaling approximately 1000km2 (100000 hectares).

Intention of investment

[current] Mining

Comment on intention of investment

open-pit gold mining

Nature of the deal

Exploitation permit / license / concession (for mineral resources)

Comment on nature of the deal

The Wahgnion gold project includes both a permitted mine license with an area of 89km2 and five surrounding exploration permits totaling approximately 1000km2.

Negotiation status

[2016, current] Concluded (Contract signed)

Implementation status

[2019, current] In operation (production)

Comment on implementation status

Mining licence for the Wahgnion gold project was granted in August 2014, and the feasibility study was completed in September 2017. Early construction works began in 2017, while the mill construction was scheduled to commence in the second quarter of 2018. Wahgnion Gold Operations (“Wahgnion”), began processing ore during August, 2019.