Project: Wahgnion
Location:Burkina Faso
Operator:Teranga Gold Corp (TSX TGZ)
Commodity:Gold
Mine Type:Underground
Stage:Production
Mine Life:>13 years
Royalty
Royalty:1% NSR
Deal Date:January 2020
Est. Revenue:$1.4M pa
Reserves & Resources
P & P:1.6MOz @ 1.6 g/t Au
M I & I:2.7MOz @ 1.5 g/t Au (incl Reserves)

Wahgnion mine

Wahgnion mine

Process plant

Process plant

Elemental acquired a 1% NSR royalty on the Wahgnion gold mine in January 2020, providing estimated average annual revenues of $1.4Mpa.

The Wahgnion mine is a 2.2 Mtpa – 2.5 Mtpa carbon-in-leach operation located southwest Burkina Faso, 510 km southwest of the capital city Ouagadougou. The mining licence covers an area of 89 km2 mine license with a 933 km2 exploration land package covering the Paleoproterozoic Birimian Senoufo Belt.

Wahgnion is operated and 90% owned by Teranga, with a 10% free carry in favour of the Government of Burkina Faso. Similar to Teranga’s operating Sabodala mine in Senegal, Wahgnion will have multiple deposits feeding into a central mill and owner-operated conventional truck and shovel open-pit mining. First gold was poured in August 2019 with commercial production declared on 1st November 2019.

The mine has Proven & Probable gold Reserves of 1.61 Moz and 2.4 Moz Measured and Indicates Resources, with a 13 year mine life.

Potential

In addition to the large Resource base available for conversion into Reserve, the existing mine sites within a very large (933 km2 ) exploration land package, itself within a globally important gold producing province.

For further information please visit the Teranga Gold website.