Baomahun covers a land area of 124.27 km2 and at full capacity is projected to be the first large-scale commercial gold mine in Sierra Leone. Upon operations, the Project is expected to deliver an average annual gold production of 147,000 ounces per year over a 12.5-year mine life peaking at 234,000 ounces. This substantial investment in FG Gold allows for the commencement of major construction activities in Q1 2024. This financing will also enable FG Gold to complete the order of key equipment packages, mobilize resources under the recently awarded Engineering and Procurement Supply Contract and Construction Management contract to Lycopodium Minerals Canada Limited and Lycopodium Sierra Leone Limited respectively (TONBOFA Law Practice also advised on these contracts), and also to ramp up the construction of key project infrastructure in the coming year.

#Mining #LegalAdvisory #SierraLeoneMining #miningindustry #legalindustry #africanews #africanexcellence #mezzanine #financing #Africafinancecorporation #fggold