Our Strategy

Our corporate strategy remains consistent and clear - deliver long-term stakeholder returns by maximising free cash flow generation from responsible mining of high quality, long life assets and disciplined capital allocation.

Our operational strategy is focused on long-term production of profitable ounces - value over volume. Stringent cost management and disciplined capital allocation provides the Company with the financial flexibility to promote further growth both organically and through value-accretive opportunities.

This is achieved through our five strategic pillars:

  • Create a safe and healthy workplace for our employees and contractors
  • Attract and retain the best people, with the right skills and experience to deliver our vision
  • Recognise talent and provide an environment for individuals to grow and develop, and perform to the best of their abilities
  • Build strong relationships with our stakeholders through good governance, ethical conduct and transparency

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Asset Quality

  • Sukari life of mine in excess of 12 years
  • Unconstrained orebody
  • Results-driven exploration to unlock additional sources of high-grade underground ore
  • Maintain a low-cost operation through stringent cost management and identify cost-saving initiatives
  • Improve productivity through continuous workplace training and plant optimisation

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Stakeholder Returns

  • Shareholder dividends take priority on allocation of surplus free cash flow
  • Profit share and royalty payments in accordance with the Concession Agreement
  • Substantial local employers and procurement of local suppliers

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Financial Flexibility

  • Maximise free cash flow through stringent cost management¬†
  • Maintain a strong and flexible balance sheet
  • Generate revenue in accordance with forecasted production targets
  • Fully funded organic growth pipeline after sustainable reinvestment back into the business
  • No debt, no hedging, no streaming

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Active Growth Pipeline

  • Target underground resource/reserve replacement at Sukari
  • Comprehensive brownfield exploration programme across Sukari tenement
  • Secured 3,000km2 of highly prospective greenfield exploration ground within the Egyptian Nubian Shield
  • Doropo Project PFS underway assessing potential to be our next gold mine¬†
  • Early stage exploration at ABC Project targeting potential gold mineralised scale across 90km strike

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