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Cora Gold extends Sanankoro reserves and mine life
Cora Gold has reported a 26% increase in reserves and stronger economics in an updated Definitive Feasibility Study (DFS) for its flagship Sanankoro Gold Project in southern Mali, positioning the asset as a high-margin open pit oxide mine with significant growth potential. The updated study outlines probable reserves of 531,000 ounces at 1.13 grams per tonne gold, up from the maiden reserve of 422,000 ounces reported in 2022. Based on a gold price of $2,750 per ounce, the DFS delivers a post-tax internal rate of return of 65%, a 1.1-year payback, and free cash flow of $479 million over the life of mine. Join our ... (full story)
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- Sep 8, 2025 4:39am Posted byFundamental Analysis237
