Gryphon ‘significantly’ enhances Burkina Faso project economics

An updated scoping study into the Banfora gold project, in Burkina Faso, has significantly increased the project’s economics, owner Gryphon Minerals reported on Monday. The optimised study has increased the project’s after-tax net present value from a 2014 estimate of A$90-million to A$210-million, while the internal rate of return has increased from 20.5% to 42.2%.