The Chirano Gold Mine Limited (CGML), a subsidiary of Kinross Gold Corporation of Toronto, has posted a strong growth forecast following some positive yields from the Mine’s exploration programme.
The Vice President and General Manager of CGML, Terence Watungwa, said “exploration programme at Chirano continued to yield excellent results and added to the operation’s mineral reserve estimates, helping extend mine life by three years to 2025.”
This essentially means CGML has found enough proven gold reserves to continue this operation for the next four years, with opportunities for further mine life extensions.
Continued exploration success, Mr. Watungwa said, is positive for both the Mine and the communities “because we will be able to continue our strong role as an Outstanding Corporate Citizen in our local communities and Ghana.”
Meanwhile, the Mine continues to invest a number of livelihood enhancement interventions in the catchment communities as well as the national economy. “We paid a total of US$1.57 million in taxes, including $550,000 in mineral and forestry royalties. $700,000 in corporate income tax, $230,000 in employee income tax and $90,000 in import duties.”
The Mine last year commissioned an ultra-modern one-storey Science Laboratory for Queens Girls’ Senior High School, trained twenty-four youth in truck driving to make them marketable to potential employees.
Chirano has provided over GH₵450,000 to support the efforts of the Western North Region to contain the spread of Covid-19. The assistance was in the form of medical consumables and PPE to health facilities and our communities.
These came up during a ceremony where the company announced scholarship for some 30 students from its catchment communities to pursue various programmes at the university level. The scholarships were awarded under two programs, the General Manager’s Scholarship and the Chirano Sefwiman Foundation Scholarship.
It will cover all school fees and academic payments. It will also cover accommodation and a monthly stipend for the entire duration of the beneficiary’s tertiary education.