Senegal gold mine project looks promising
- Published: Oct 24, 2018, 5 AM

A gold mining project in Senegal is promising according to a recent feasibility study, pushing officials at Canada's IAMGOLD Corp. to consider moving ahead with mining operations.
Inside Coin World: Jefferson 5-cent coin turns 80: Our Cover Feature this month focuses on 80 years of the Jefferson 5-cent coin, while our World Coins and Paper Money features focus on festivals and value-added notes.
Reports indicate that the Boto mining exploration projects gold totaling some 2 million ounces.
The feasibility study was recently completed by IAMGOLD in conjunction with Lycopodium Minerals Canada. The study suggests Boto should yield 140,000 ounces of gold on average annually for 13 years at a “life-of-mine” cash cost of $714 per ounce and “all-in” sustaining costs of $753 per ounce.
The net present value of the gold to be mined is $261 million, at a spot gold price of $1,250 per troy ounce.
IAMGOLD seeks to file a concession application for rights to mine the gold before the end of 2018, with approval anticipated during the first six months of 2019, according to IAMGOLD.
Connect with Coin World:
Sign up for our free eNewsletter
Like us on Facebook
Follow us on Twitter
Community Comments
-
US Coins Jun 13, 2025, 1 PM
July sale date for 20-coin 2025 Uncirculated set
-
US Coins Jun 12, 2025, 9 PM
Zack adds volume on circulating counterfeit silver coins
-
US Coins Jun 12, 2025, 11 AM
Special Kennedy inaugural medal one of three known
-
Precious Metals Jun 12, 2025, 11 AM
Platinum Group Metals Focus predicts some increase, some decrease in prices