Acquisition:
2022 / 08 / 15
Agreement:
Stream
Terms:
6% Au until 39 koz delivered; then
3.5% Au until 61,750 oz delivered; then
2% Au thereafter
Stream subject to minimum annual deliveries between 2024–2029
Ongoing Payment:
$400/oz
Development Highlights
Bonikro is a producing gold-silver mine and the operation consists of two primary areas—the Bonikro mining license and the Hiré mining license.
Gold has been produced from the Bonikro open pit and through the Bonikro carbon-in-leach (CIL) plant since 2008 and over 1.0 Moz have been produced from Bonikro and Hiré. Hiré is a collection of three deposits and open pits that are approximately 5.0 kilometres from the Bonikro mine and utilize the same Bonikro processing plant. Production in the last few quarters of 2021 was focused on the Hiré pits.
Allied has focused on improving production at Bonikro in 2024 and has undertaken exploration drilling across the Bonikro properties, including the Agbalé prospect at the Hiré mine and the Dougbafla West and North deposits at the Oume project.
In addition, Allied announced a stream agreement with Triple Flag Precious Metals for 3% of the payable gold produced at each of the Agbaou and Bonikro mines in August 2024. The transaction recognizes the substantial value of the assets, where Allied is targeting a sustainable production platform of 180,000–200,000 oz gold per annum.
Royalty Ounces
Attributable to Sandstorm
| P&P | M&I1 | Inferred | |
|---|---|---|---|
| Bonikro GEOs | 19 koz | 40 koz | 15 koz |
1. Measured and Indicated Mineral Resources are Exclusive of Mineral Reserves.
For notes to Royalty Ounces see page 109 to page 112 of our Asset Handbook.
Reserves and Resources
On a 100% Basis
| Tonnage | Grade | Contained | ||
|---|---|---|---|---|
| Proven & Probable |  | 12.0 Mt | 1.15 g/t | 444 koz |
| Measured & Indicated1 | | 40.2 Mt | 1.30 g/t | 1,681 koz |
| Inferred | | 11.1 Mt | 1.33 g/t | 474 koz |
1. Measured and Indicated Mineral Resources are Inclusive of Mineral Reserves.
For notes to Mineral Reserves and Mineral Resources see page 118 of our Asset Handbook.
