According to consultants completing a feasibility study, the Bibiani project in Ghana could yield more than 300,000 oz. gold in the first year of operation.
International Gold Resources (TSE) was also informed that production in each of the second and third year is expected to exceed 200,000 oz.
With these projections, the consultants think payback could be realized 12 to 14 months after startup.
The feasibility study is expected by mid-July, and further refinements to the operating plan are anticipated.
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