Cora Gold - Refilling the Development Pipeline for Producers in West Africa
Fast-track gold projects are few and far between and projects with relatively low capital expenditures are rarer still. While nothing is guaranteed it looks as if Cora Gold, on the basis of exploration work at Sanankoro that is already done and is to be reported shortly, could be in a position to pursue a smaller scale operation in the fairly short term, moving up to a larger operation in the medium term at its Sanankoro project. Management is targeting completion of a scoping study for a smaller scale development by the end of the fourth quarter of 2019.
Meanwhile at Tekeledougou the synergies from establishing a satellite pit to Hummingbird's Yanfolila mine look evident.
Beyond the projects with short term production potential, the company has some second-string projects close to other major mines along the Guinea/Senegal/Mali border regions.
Quick facts: Cora Gold Limited
Price: 8.0101 GBX
Market Cap: £16.45 m
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