Building sustainable, multi-generational operations

Bogoso Prestea is an established gold mining operation located within West Africa’s premier Ashanti Gold Belt.Future Global Resources hold three licences covering a continuous 82km strike length in this highly productive region.

Bogoso Prestea has been producing gold for over 100 years comprised of both open pit and underground operations. A US$23m investment by Future Global Resources over the last 18 months has increased throughput, reliability and resilience. The mine has a production potential of 250Koz per year over a +12-year life of mine at an attractive AISC.

The Asset offers significant exploration potential over the known continuation of strike and consistent mineralogy.

Click here to view the Future Global Resources webpage.

Key operational facts

Ownership: 90% Bogoso Prestea Limited, 10% Government of Ghana.

Strategy: Non-refractory ore underground, targeting surface known 4.1Moz refractory resource. Extensive exploration programme.

Mining method: Underground long hole open stoping owner-mining / open pit owner mining.

Processing technology: CIL processing.

Workforce: Approximately 570.

Expected mine life: + 12 years at a blended average of 250Koz per year.

Key mining facts

Average monthly production of 90k ore tones increasing to 150k in H1 2023

100k t

Average monthly gold production of 3kozs increasing to 7k in H1 2023

4k ozs

Current AISC of $1,650 and trending down with 2022 target of $1,290

$1,650

Total M&I resources

4.1Moz

Total P&P reserves

0.1Moz

Production target in 2022

~40koz

Evolution of ownership

1986–1992

The Canadian Bogoso Resources

1992–1995

Biliton Bogoso Gold Ltd (BBGL)

1995–1999

Bogoso Gold Ltd (BGL)

1999–2020

Golden Star Bogoso Prestea Limited

2020 (Oct)–Today

Bogoso Prestea Limited (FGR)

Investing in the future

Operations

Investing in our existing plant and operations means we have greater throughput of materials to improve production capability.

Exploration

Strengthening and investing in exploration means we can unlock the potential, and better define future reserves and resources.

Processing

Investing in refractory processing reaffirms our commitment for the longer term.

ESG

We are committed to having a positive impact on the planet and our communities

We define the key environmental, social, and governance (ESG) disclosure topics that are most important to our business and our stakeholders, from our investors and shareholders through to our host governments and communities. The assessment results help inform our ongoing corporate responsibility strategy and planning.

ESG topics

Training programs

Our workforce complete comprehensive health and safety programs. We also work with our host communities to improve their health and safety awareness. These training initiatives are a key part of our health and safety strategy and plan and roadmap to managing safety and health risks to evolve our safety culture.

Covid response and readiness

Our COVID-19 management has been highly prevention-focused and proactive, using a comprehensive, disciplined, and integrated approach to the protection of our workforce and communities. The overall success of our approach can be measured in the low number of suspected and confirmed cases over the duration of the pandemic, less than half a dozen more serious cases, and no fatal outcomes.

Stakeholder engagement

Bogoso Prestea is committed to building strong and sustainable relationships based on trust and respect with all our stakeholders.

How we engage with stakeholders:

  • Engaging with our stakeholders enhances our understanding of our business and operating environment and the people we work with. Constructive, collaborative and respectful stakeholder relationships build trust and underpin our ability to create value.
  • We have site-specific stakeholder engagement plans that are refined and modified throughout the life of the operation.

Download more information about our stakeholders.

Sustainability reporting

Our sustainability reporting helps to highlight our sustainability related achievements to date and our objectives in the coming years. Reports are prepared in accordance with the GRI Standards core option, including the Mining and Metals Sector Supplement and Sustainability Accounting Standard (SASB Standards).

Download our 2021 Sustainability Report

Download our materiality issues tables

Updates

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News releases