Producing

Bonikro

Ag
Au
Allied Gold Corporation
Goh-Djiboua

,

Cote d'Ivoire

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

Bonikro is a producing gold-silver mine located in Côte d’Ivoire. The Bonikro mine is located approximately 67 km south of Yamassoukro, the political capital of Côte d’Ivoire, and approximately 240 km northwest from Abidjan, the commercial capital of the country.

The Bonikro 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.

In February 2024, mineral resources for Bonikro were reported by Allied Gold Corporation. As of December 31, 2023, Proven & Probable Reserves were 13.7 Mt grading 1.30 g/t Au containing 571 koz Au based on an open pit cut-off grade ranging from 0.68 – 0.74 g/t within Measured & Indicated Resources of 32.8 Mt grading 1.32 g/t Au containing 1.39 Moz Au (0.5 g/t Au open pit cut-off). The Mineral Resources are inclusive of Mineral Reserves.

Recent Activity
  • August 2024

    Bonikro produced 20,496 oz gold in the second quarter of 2024, an increase of 10% over the first quarter. Exploration drilling during the quarter reached 20,582 m with drill activity split across Bonikro properties, including the Agbalé prospect at the Hiré mine and the Dougbafla West and North deposits at the Oume project. Further, 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. 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.

  • September 2023

    Allied Gold Corporation completed its previously announced business combination and announced it commenced trading on the TSX Exchange on September 11. Allied Gold recently completed a financing raising over US$200 million and is led by former Yamana Gold management.

Use the link below to browse a list of available technical reports for the projects within Sandstorm’s portfolio. For the most up-to-date information on each project, please refer to the project operator or developer.

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Annual Report

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Sustainability Report

Learn more about Sandstorm’s approach to sustainability including our due diligence process, mining partnerships, and employee engagement.

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