Bogoso Prestea is an established gold mining operation located within West Africa’s premier Ashanti Gold Belt. Blue Gold 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 Blue Gold 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.
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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.
Average monthly production of 90k ore tones increasing to 150k in H1 2023
Average monthly gold production of 3kozs increasing to 7k in H1 2023
Current AISC of $1,650 and trending down with 2022 target of $1,290
Total M&I resources
Total P&P reserves
Production target in 2022
The Canadian Bogoso Resources
Biliton Bogoso Gold Ltd (BBGL)
Bogoso Gold Ltd (BGL)
Golden Star Bogoso Prestea Limited
Bogoso Prestea Limited (FGR)
Investing in our existing plant and operations means we have greater throughput of materials to improve production capability.
Strengthening and investing in exploration means we can unlock the potential, and better define future reserves and resources.
Investing in refractory processing reaffirms our commitment for the longer term.
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.
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.
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.
A commitment to environmental protection is part of our core approach to doing business and reflected both as a shared and individual responsibility. This is reflected in our biodiversity offsets and rehabilitation programme which includes the mine’s Oil Palm Plantation (OPP) Programme. Established in 2006 as an independent non-profit, the community-based company balances company and community needs, including local economic development, community empowerment, and rehabilitation and closure activities. Partners in the project include Traditional Authorities, affected farmers, and the agroforestry industry.
We align with the Responsible Gold Mining Principles (RGMPs) of the World Gold Council and recognise the international standards for responsible mining. We further support progress toward global efforts such as the UN Sustainable Development Goals and the requirement of the International Council for Mining and Metals (ICMM)’s Mining Principles and Performance Expectations (PEs) that define good practice in the areas of environmental, social and governance.
Over half of the operation’s employees are hired from the adjacent communities and local community interaction is essential to operations, through development, mining, hauling, and other related activities. In our commitment to these social partner communities, we have mutually binding agreements on:
Communities, through the development foundation, have benefited over the years from developmental projects and programmes designed to reduce poverty, build local economies, and empower communities through economic independence. For each ounce of gold that is produced by the mine, an amount of US$2 is set aside towards community development, through the development foundation and our award-winning oil palm plantation project.
We will continue to collaborate with host communities to ensure that our work creates positive impact in the lives of all stakeholders.
Total number of community consultations in 2021: 318
Mine Development Fund investment expenditure 2021: $USD 123,836
Bogoso Prestea is committed to building strong and sustainable relationships based on trust and respect with all our stakeholders.
How we engage with stakeholders:
Download more information about our stakeholders.
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
Read the latest news releases and articles about the Bogoso Prestea Gold Mine.
As part of our commitment towards responsible mining, as well as generating economic value for local community residents, we play an active role in the management of the oil palm plantation project, under a new name, Daakyi (Future) Oil Palm Plantation (DOPP). We directly manage about a quarter of the plantation, which we use for […]
Engagements with stakeholders have been key in sustaining and enhancing our relationships with communities that host our operations. We ensure the relevant stakeholders are informed and involved in the various stages of our projects, from planning to execution. Prior to the commencement of mining-related blasting at our Beta North and South pits, for example, stakeholders […]
Accra, Ghana 18 July 2021. Future Global Resources (FGR) has discovered material inaccuracies in information provided by Golden Star Resources (GSR), which FGR relied upon in deciding to acquire the Bogoso Prestea mine. The financial impact of those inaccuracies is significant. FGR will continue to investigate the inaccuracies. FGR notified GSR of the inaccuracies last […]
Board of Directors strengthened in support of the transition SAVANNAH, Georgia, July 6, 2022 /PRNewswire/ — Hawkeye Systems, Inc. (OTCQB: HWKE) is pleased to announce that it has entered into a Letter of Intent (LOI) to acquire Blue Gold International Limited (“Blue Gold”) an entity valued at US $250,000,000, in a share exchange that will […]