Results of 2017 AGM
African Mining Services (AMS) has continued its expansion in West Africa following the project win from Golden Star Resources, for Pampe Mining Operations at Bogoso Gold Mine. Underway as of August 2011, the project is expected to generate USD$48M over 36 months. Initial mining by AMS will concentrate on a pit waste cut back to access ore below the existing pit floor.
The Pampe deposit is an existing pit that has been mined by Golden Star Resources from 2007 to 2008. The proven and probable reserves at Pampe are 1.7 million tonnes, grading 3.5 grams per tonne (g/t) and totalling 191,000 ounces of gold. The location of this project is strategically important for AMS, as it is only 30kms from the Bankyim maintenance and operations facility.
AMS and Golden Star Resources continue to build on their relationship, as AMS have completed a number of minor contracts which have shown the capability of AMS to deliver on schedule under difficult conditions.