Chirano Gold Mine

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Chirano
Location
Chirano is located in Ghana
Chirano
Chirano
Location of Chirano
LocationBibiani/Anhwiaso/Bekwai District
RegionWestern Region
CountryGhana
Coordinates6°18′37″N 2°22′59″W / 6.31028°N 2.38306°W / 6.31028; -2.38306Coordinates: 6°18′37″N 2°22′59″W / 6.31028°N 2.38306°W / 6.31028; -2.38306
Production
Production263,911 oz gold equiv.[1]
Financial year2012
History
Opened2005
Owner
CompanyKinross Gold Corporation 90%, Government of Ghana 10% carried
Websitekinross.com
Year of acquisition2010

Chirano Gold Mine is an underground and open pit gold mine in the Western Region of Ghana, within the Bibiani gold belt. It is 90% owned by Toronto-based Kinross Gold Corporation. The Government of Ghana has a 10% carried interest.

Description[]

The Chirano Gold Mine is located in southwestern Ghana, approximately 100 kilometres southwest of Kumasi, Ghana's second largest city.[2]

Chirano was explored and developed from 1996 by Red Back Mining NL, an Australian company that moved to a Canadian listing in April 2004. Chirano began production in October 2005. Kinross Gold acquired the mine on 17 September 2010 through a US$7.1 billion takeover of Red Back Mining, through which it also acquired the Tasiast Gold Mine in Mauritania.[3] The mine comprises the Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao open pits and the Akwaaba and Paboase underground mines.[2][4]

Open pit and underground ore are processed at the Chirano plant. The capacity of the mill is approximately 3.5 million tonnes per annum. Processing involves crushing, ball mill grinding, cyanide leaching and carbon-in-leach (CIL) extraction.[1]

At 31 December 2012, Chirano's Proven and Probable Reserves were 20.271 million tonnes at 2.65 g/t gold for 1.722 million ounces, with an additional 0.44 million ounces of Measured and Indicated Resource.[1]

2012 gold equivalent production was 263,911 ounces at a cost of sale of US$721/oz. 2012 recoveries averaged 93%.[1]

See also[]

References[]

  1. ^ a b c d Kinross Gold Corporation (13 Feb 2013). "Kinross reports 2012 fourth-quarter and year-end results" (PDF). Archived from the original (pdf) on 25 April 2013. Retrieved 11 May 2013.
  2. ^ a b Kinross Gold Corporation (2013). "Chirano, Ghana". Archived from the original on 13 May 2013. Retrieved 11 May 2013.
  3. ^ "In Canada, a merger for miners of gold". The New York Times. 3 Aug 2010. p. B6. Retrieved 3 Aug 2010.
  4. ^ "Kinross agrees to acquire Red Back". Engineering and Mining Journal. Mining Media Int'l. 14 Sep 2010. Archived from the original on 2012-03-25. Retrieved 1 Sep 2011.
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