The money will be used for the development of West African’s Sanbrado gold project in Burkina Faso.
“With the first drawdown completed and funds in our bank account, we are on track to complete construction of Sanbrado and first gold pour by the third quarter of next year,” says Richard Hyde, managing director of West African Resources.
“Sanbrado’s blend of near surface oxide open pit and high-grade underground ores early in the mine life, will elevate West African Resources to be a plus 200 000oz a year, low-cost gold producer by the end of 2020,” he adds.
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