PRESS RELEASE: Siou is a high-grade gold deposit located some 20km from the Mana mine in Burkina Faso.
Under the mining services contract, AUMS will be responsible for supplying the mining fleet and a skilled labour force for Siou, in addition to ensuring development, production and auxiliary services.
Canadian-based mining company SEMAFO will provide technical services, including geology and engineering, as well as leveraging the existing surface infrastructure at its Mana mine.
The mining services contract has a term of 70 months. The economic terms of the mining services contract are consistent with the economics presented in the Mana pre-feasibility study filed March 29 on SEDAR.
Preparatory work has already commenced on Siou underground, with full project deployment scheduled for the September quarter of 2018. Production from Siou underground is expected in early 2020.