Overview

In 2017 gold production at the Loulo-Gounkoto complex was 730 372oz, 3% above the prior year. The increase in production was due to a 1% improvement in tonnes processed and 2% increase in recovery, while the grade remained in line with the prior year. Total cash cost per ounce decreased by 4% to $543/oz (2016: $563/oz) as a result of the increase in ounces produced and improved operating unit costs.

Gold sales of $911.5 million were 3% higher than 2016, reflecting the increased gold production. Profit from mining activity (before interest, tax and depreciation) increased by 8% to $518.4 million, due to the increased gold sales and slightly higher average gold price received together with lower operating cost.

Achieved in 2017

  • Produced 730 372oz, +40 000oz more than guidance 
  • Reduced total cash cost per ounce by 4% 
  • Increased plant throughput to +4.9Mt 
  • Increased plant recoveries to +92% 
  • Commissioned new Yalea underground crusher 
  • Started stripping Gounkoto super pit 
  • Upgraded tailing line to TSF 
  • Completed wetland project to improve water quality 
  • Maintained ISO 14001 environmental and OHSAS 18001 health and safety certification 
  • Reduced LTIFR 
  • Reduced malaria incidence rate 
  • Replaced 81% of ore reserves depleted from mining through ongoing exploration and evaluation 
  • Continued community and agricollege development

Targeted in 2018

  • Produce 690 000oz of gold 
  • Sustain plant throughput above 4.9Mt 
  • Sustain plant recovery above 92% 
  • Complete extension of tailings dam 
  • Install striker belts at Gara and second underground crusher at Yalea 
  • Full integration of automated dispatch system for Gounkoto 
  • Replace ore reserves through ongoing exploration 
  • Obtain updated ISO 14001 and OHSAS 18001 certification 
  • Reduce LTIFR 
  • Reduce malaria incidence rate 
  • Continue community and agricollege development

Loulo-Gounkoto Complex Key 2017 Results