Africa Snapshot: Eight companies seeking opportunities

Africa Snapshot: Eight companies seeking opportunities

Workers at Global Atomic’s Dasa uranium project in Niger. Credit: Global Atomic. Be it gold, copper or uranium, the African continent has powerful resources for mining. And there are several industry-friendly governments that are ready to secure their futures with new resource projects .

AFRICAN GOLD GROUP

African Gold Group (TSXV: AGG; US-OTC: AGGFF) has set its sights on building Africa’s next mid-tier gold producer. A definitive feasibility study was filed in July 2020 for its 100%-owned Kobada gold project in Mali. Developing the project would require a capital expenditure of US$125 million, plus a US$11 million contingency.

The study forecast the post-tax net present value at a 5% discount rate would be $266 million with an internal rate of return of 41.1% at a gold price of US$1,530 per ounce. The mine would produce 100,000 oz. gold per year for the first five years and a total of 728,654 oz. […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet