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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%
Company ProfileAll ProjectsCompany websiteCompany project page
TitleCompany ProfileAll ProjectsCompany websiteCompany 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
TonnageGradeReserves and resources
GoldGold
g/toz
 Proven198,7002.21 14 118
 Probable1,008,4004.20 136 167
 Proven and Probable1,207,1003.87 150 286
 Measured1,356,9002.30 100 338
 Indicated8,553,4001.96 538 996
 Mesured and Indicated9,910,3002.01 639 335
 Inferred1,757,6002.81 158 788
 Total 12 875 000 948 408
Definitions
Reserves and resources of the Kiniero Project
MetalTotalReservesResourcesUnitIn situ value
ProvenProbableProven and ProbableMeasuredIndicatedMesured and IndicatedInferred
 Gold 948 408 14 118 136 167 150 286 100 338 538 996 639 335 158 788oz1 289 455 988 US$
Production history
Metal2008200720062005200420032002
GOLD (oz)47,12324,70043,02166,91845,03151,26746,085
Location
Data last updated on : 12/31/2010
Disclaimer
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