Gold bar

Amara Mining has produced 42,348oz of gold at its Kalsaka/Sega mine in Burkina Faso, in 2013.

Gold production at the mine increased by 86% to 14,926oz in Q4 of 2013, when compared with 8,008oz produced in Q3.

The company said that the average headgrade of the Sega material stacked was 1.77g per tonne and it is anticipated to increase as it continues to access higher-grade areas.

Amara anticipates to produce 60,000oz to 70,000oz at Kalsaka/Sega mine this year.

Amara Mining chief executive officer Peter Spivey said the company delivered all three of its key targets in 2013, which included the integration of Kalsaka and Sega, the completion of the Baomahun feasibility study and the delivery of a mineral resource update (six million ounces) for Yaoure.

"We are pleased to begin the new year by announcing that our revised FY2013 production guidance has been exceeded, despite the lower-grades we encountered as Kalsaka reached the end of its life and the delay in commencing production from Sega, and we look ahead to continued stronger production in 2014, as a result of the higher-grade Sega material," Spivey said.

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West African-focused gold mining firm Amara has two growth projects, Baomahun and Yaoure, as well as three grassroots exploration licenses in Liberia.

Baomahun is a development stage project in Sierra Leone, which is anticipated to transform Amara into a more sustainable producer.

The feasibility study for the project was completed in Q2 of 2013, with an internal rate of return of 22% and a net present value of $127m.

Yaoure in Côte d’Ivoire is an advanced exploration project which is a large-scale, shallow-dipping sulphide deposit that underlies the earlier mined oxide resources.

Image: Gold production increased by 86% to 14,926oz in Q4 2013. Photo: courtesy of Stuart Miles/