Senegal grants Iamgold mining permit for Boto
Tuesday, January 14th, 2020
SX-listed Iamgold has been granted a mining permit for the Boto gold project, in Senegal.
The mining permit is valid for an initial 20-year period and positions the project for a development decision and eventual production.
Boto is one of Iamgold’s most advanced growth projects, being able to produce an average 160 000 oz/y of gold during the first six years of operation. The mine can produce 130 000 oz/y for the remainder of the 11-year mine life, at an all-in sustaining cost of $842/oz.
“The Boto project generates impressive returns and margins, and we are pleased to now have the exploitation permit. We thank the government of Senegal for their ongoing support of this project,” said Stothart.
Situated in the highly prospective Boto-Karita-Diakha gold district, Boto is well positioned to benefit from further discoveries.http://www.miningweekly.com/article/senegal-grants-iamgold-mining-permit-for-boto-2020-01-14