Operator

Endeavour Mining Corp.

Terms

Variable Stream @ 20% Spot*

Acquisition Date

2014 / Aug / 11

Karma is a mesothermal, shear-hosted gold deposit. The soft nature of the open pit material allows the majority of the ore and waste to be excavated without blasting, making it a low cost operation. Production began in early 2016 from five open pits and ore is processed with conventional heap leaching. Recoveries range between 85% and 90% and gold production from Karma totaled 97 kozs during 2019.

Karma hosts a target-rich landscape with the essential hallmarks of a multi-deposit environment. The property consists of six contiguous exploration permits (Goulagou, Rambo, Kao, Rounga, Youba, and Tougou) totaling more than 900 km2 and includes more than 45 high-priority targets with high-grade rock values associated with gold-in-soil anomalies and historical workings that remain untested.

The Proven and Probable Reserves as of Dec. 2019 totaled 9.2 Mt of 0.99 g/t material for 293 kozs of contained gold. Cut-off grades range from 0.3 – 0.8 g/t depending on the metallurgical character of the rock, including oxide, transition and sulphide material.

Recent Activities

August 2020
Production guidance for 2020 is in the range of 100,000 to 110,000 ounces with AISC guidance in the range of $980 to $1,050 per ounce.

Endeavour has planned an exploration program of up to $2.0 million in the second half of 2020 with the aim of in-fill drilling and testing extensions of known deposits.

*25 kozs over 5 years, 1.6% after

 

Karma

 

Karma Royalty Map
Karma Royalty Map