The Australian mining company Predictive Discovery wants to start construction work on the Bankan gold project in the second quarter of 2026 in Guinea. The information comes from the final feasibility study published on Wednesday, June 25

Companies specializing in gold production are intensifying efforts to accelerate their projects, while the price of gold is still rising in 2025. According to the study, Predictive Discovery style="font-family: "Bookman Old Style”, serif">, a mine capable of producing more than 200,000 ounces annually over 12 years in Guinea, plans a two-year development plan leading to the start of production commercial in the second quarter of 2028. According to information, the project will require an initial investment of USD 463 million, which can be recovered in less than 2 years based on a consensus gold price of USD 2,400 per ounce. The net present value (NPV) after tax is 1.6 billion USD and the internal rate of return (IRR) is 46%. Bankan is expected to have an average annual production of approximately 250,000 ounces of gold over a lifetime of 12.2 years, for a total production of 3.03 million ounces (94 tonnes). According to Predictive's forecasts, Bankan's operation is expected to bring about 2 billion USD in revenue to Guinea over the entire life of the mine