Product Description

In ***7 gold production at the Loulo-Gounkoto complex was **0 **2oz, 3% above the prior year. The increase in production was due to a 1% improvement in tonnes processed and 2% increase in recovery, while the grade remained in line with the prior year. Total cash cost per ounce decreased by 4% to $**3/oz (***6: $**3/oz) as a result of the increase in ounces produced and improved operating unit costs.

Gold sales of $**1.5 million were 3% higher than ***6, reflecting the increased gold production. Profit from mining activity (before interest, tax and depreciation) increased by 8% to $**8.4 million, due to the increased gold sales and slightly higher average gold price received together with lower operating cost.

Achieved in ***7

• Produced **0 **2oz, **0 **0oz more than guidance 
• Reduced total cash cost per ounce by 4% 
• Increased plant throughput to *4.9Mt 
• Increased plant recoveries to **2% 
• Commissioned new Yalea underground crusher 
• Started stripping Gounkoto super pit 
• Upgraded tailing line to TSF 
• Completed wetland project to improve water quality 
• Maintained ISO ****1 environmental and OHSAS ****1 health and safety certification 
• Reduced LTIFR 
• Reduced malaria incidence rate 
• Replaced *1% of ore reserves depleted from mining through ongoing exploration and evaluation 
• Continued community and agricollege development

Targeted in ***8

• Produce **0 **0oz of gold 
• Sustain plant throughput above 4.9Mt 
• Sustain plant recovery above *2% 
• Complete extension of tailings dam 
• Install striker belts at Gara and second underground crusher at Yalea 
• Full integration of automated dispatch system for Gounkoto 
• Replace ore reserves through ongoing exploration 
• Obtain updated ISO ****1 and OHSAS ****1 certification 
• Reduce LTIFR 
• Reduce malaria incidence rate 
• Continue community and agricollege development