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Kiniero Project
Kiniero
Country
Guinea
Close to
Conakry
Status
PRODUCTION
Latitude / Longitude
10 N 24 / 9 W 47
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Risk and valuation analysis of the Kiniero Project
Status Risk : Production
Country Risk : Moderate
Resource Risk : 45.00%
In situ value
1,305,721,191 $
Link to technical report
Title(s) of the Kiniero Project
Semafo Inc
Owner: 100%
Title
Company Profile
All Projects
Company website
Company project page
Agreement with Societe RSW-Beroma to begin feasibility study. Results permiting, a JV agreement will be negotiated. Managem owns 50.5% of SEMAFO.(Mar/01). A 5% royalty also applicable.
Location of the Kiniero Project
Kiniero mine is in Guinea.
History of the Kiniero Project
Construction of the Kiniero mine was launched in 2001. In 2002, Semafo began producing gold at its Kiniero mine in Guinea.
In 2006 the Kiniero mine processed a total of 458,500 tonnes of ore at an average grade of 2.7 g/t Au, producing 47,200 ounces of gold at a cash operating cost of $368 per ounce.
Reserves and resources of the Kiniero Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Proven
198,700
2.21
14 118
Probable
1,008,400
4.20
136 167
Proven and Probable
1,207,100
3.87
150 286
Measured
1,356,900
2.30
100 338
Indicated
8,553,400
1.96
538 996
Mesured and Indicated
9,910,300
2.01
639 335
Inferred
1,757,600
2.81
158 788
Total
12 875 000
948 408
Definitions
Reserves and resources of the Kiniero Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
948 408
14 118
136 167
150 286
100 338
538 996
639 335
158 788
oz
1 289 455 988 US$
Production history
Metal
2008
2007
2006
2005
2004
2003
2002
GOLD (oz)
47,123
24,700
43,021
66,918
45,031
51,267
46,085
Reserves and Resources
2/28/2011
Total Reserves and M&I Resources Top 6.0 Million Ounces, Inf...
Exploration and drilling
1/8/2009
Guinea - Kiniero Operations Update
1/10/2008
Granted West Balan Mining License
10/25/2006
Production update
8/9/2006
Mineral Resources Qualification For The Ouest Balan Gold Dep...
Discoveries and Drilling Results
3/25/2009
Gold Reserves and Resources Update
1/17/2008
Extends West Balan Gold Zone 700m to Reach 1.6 km
Location
Data last updated on : 12/31/2010
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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