Centamin, a gold miner company, recently released the results of its pre-feasibility study at the Doropo gold project in Ivory Coast, which showed promising gold production rates and costs. The study reported a life-of-mine average gold production rate of around 173,000 ounces per year with all-in sustaining costs of $1,017 an ounce sold over the life of the mine. Additionally, the project demonstrated economic stability with a post-tax net present value of $330 million and an internal rate of return of 26%.
According to the company, the definitive feasibility study and environmental and social impact assessment are expected to be completed in the first half of 2024. CEO Martin Horgan expressed optimism in the project, stating that a substantial part of the definitive feasibility study fieldwork has already been completed in 2023. Horgan believes this will derisk the timeline to completion and bring significant investment and job creation to northeastern Ivory Coast.
Overall, Centamin’s positive pre-feasibility study results provide hope for the potential success of the Doropo gold project and highlight a promising future for the company’s continued investment in Ivory Coast.