Rosebel Gold Mines NV - Paramaribo

Rosebel is located in the Brokopondo and Sipaliwini Districts in northern Suriname, South America, 80 kilometres south of the capital city of Paramaribo. The project includes the Rosebel and the Saramacca mining areas. Among which, Rosebel is the main mining area. The Saramacca mining area is about 25 kilometers southwest of the Rosebel processing plant.

Rosebel is one of the largest in-production gold mines in South America. The Rosebel mining area commenced production in 2004, and the Saramacca mining area commenced production in the second half of 2020. From 2004 to 2021, a total of 5.65 million ounces of gold (about 176 tonnes) were produced, the annual average gold output was 314,000 ounces (about 10 tonnes). Among which, the Saramacca mining area has produced 168,000 ounces of  

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gold (about 5 tonnes) since its commencement of production. Since the project commenced production, it has been maintaining relatively good profitability.

From 2019 to 2021, on a 100% basis, the output of gold of the project was 265,000 ounces, 245,000 ounces, and 188,000 ounces (about 8.2 tonnes, 7.6 tonnes, and 5.8 tonnes), respectively. Production and operation have improved meaningfully since 2022. In the first half of 2022, the actual gold production amounted to 112,000 ounces (about 3.5 tonnes).

The Rosebel Gold Mine is an open-pit mine and is self-operated by the project company. The mining and stripping equipment is mainly leased, and some auxiliary projects are subcontracted. Ores from the Rosebel mining area are easy-to-separate ores, and part of the original ores from the Saramacca mining area are refractory ores. The processing plant is a conventional cyanidation process. The designed processing rate of the Rosebel plant is 12.5 million tonnes per annum (Mtpa) of soft ore or 7.7 Mtpa of hard rock equivalent. The upgrade of the equipment of the processing plant is expected to be completed in the second half of 2023. Since 2018, ore recovery at the Rosebel mining area has been ranging from 86-94%. The ore recovery of the Saramacca mining area has increased to 92% in the first half of 2022. The operational mine life of the Rosebel Gold Mine is 12 years.