INVESTMENT PROPOSAL IN GUINEA
INVESTMENT PROPOSAL OF
SIGUIRI-1 GOLD MINING PROJECT IN GUINEA
(mining operation of a placer)
The IMRCAAA Company offers an equity participation in the Sigiri-1 gold mining project for mining placer gold in Guinea.
The Guinean company has a licensed area within which two gold placers have been explored, for which the gold reserves by the C1 + C2 category amounts of 632 kg. The potential of the area are estimated at 3 tons of placer gold. In addition, the licensed area has the gold-bearing zone with a length of 8 km and a width of 300 m, within which artisanals are intensively working out gold-bearing weathering crust and the company has organized semi-industrial gold mining. The potential of primary ore gold is very high, and in the future it is possible to establish a big mine.
Based on the materials available and received from the owner, IMRCAAA made an economic assessment (the geological report with reserve estimates, the technical report of development and the business plan), the main economic indicators are given below.
gold output per year 286 kg;
gross income per year $ 16.7 million;
capital costs $ 3.7 million;
operating costs per year $ 5.4 million;
net profit per year $ 11.4 million;
payback period for capital costs 5 months.
The investments for establishment a gold mining company amount of $ 3.7 million. The conditions for an investor can be discussed.
The option of selling the Sigiri-1 project might be.