Please note: you are viewing an old version of this deal. The current version can be found here: Deal #7434

Deal #7434 Version #79621

Burkina Faso
Created at
2019-11-19
Last update
2021-11-29

Land area

Size under contract (leased or purchased area)
  • [2014-08, current] 8900.0 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

Intention of investment
  • [2014-08, current] Mining (8900.0 ha)
Comment on intention of investment
open-pit gold mining

Nature of the deal

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. Expected mine life for 10 years

Negotiation status

Negotiation status
  • [2014-08, current] Concluded (Contract signed)
Comment on negotiation status
Mining licence for the Wahgnion gold project was granted in August 2014.

Implementation status

Implementation status
  • [2017] Startup phase (no production)
  • [2019-11, current] In operation (production)
Comment on implementation status
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. Since achieving commercial production in November 2019, has updated the LOM plan to accommodate the higher plant throughput capability, increasing Wahgnion’s average annual production by 25% and reducing the mine life to 10 years. With a goal of extending the mine life to 15 years, Wahgnion Gold Operations (“Wahgnion”), began processing ore during August, 2019.

Contract farming

Contract farming
No