During his official visit to the Dieu Merci mining site, on 28 May 2018, President of the French Guiana Territorial Collectivity (CTG), Rodolphe Alexandre, was able to assess the progress made on the construction of the gold cyanidation factory. During this visit, he reaffirmed the CTG's support for the entire Guyanese gold industry, and more specifically for Auplata (Euronext Growth - FR0010397760 - ALAUP), by announcing its intent to buy into the company as a minority shareholder.
Auplata is the first mining company in French Guiana to be granted the necessary authorisations to build an industrial unit aimed at extracting the gold from ore through the process of gold cyanidation. After the creation of a pilot unit in 2015 in the commune of Rémire-Montjoly, completion of the construction of the first gold cyanidation factory in 2018 at the Dieu Merci mine and the start of production expected during the second half of 2018, Auplata hopes to pave the way for the industrialisation of the entire Guyanese gold industry.
Aware of the opportunities in terms of job creation offered by the gold mining operation, the President of the CTG announced its intent to buy into Auplata, subject to a favourable vote at the next French Guiana Territorial Collectivity Assembly.
Rodolphe Alexandre, President of the CTG, stated:
“The development of Guiana's potential resources, in particular gold, is key to its economic and social development, for the common good of the Guyanese people and the region's influence. Auplata is working to develop the Guyanese gold industry and more generally for the economic development of French Guiana, which fully justifies our support.”
Didier Tamagno, CEO of Auplata, commented:
“I am delighted that I will soon be able to count the CTG as one of our shareholders, public support fully committed to the gold mining industry. I see the investment as a reward for all Auplata's hard work, in particular in creating jobs in French Guiana.”
Details of the CTG's buy-in method will be communicated at a later date, following the approval of this project by the French Guiana Territorial Collectivity Assembly.
Based in French Guiana, Auplata is the largest French, stock-market listed gold producer. The Company has more than 700 sq km of mining permits and titles in French Guyana. Auplata operates an innovative industrial and financial strategy, aimed at developing and exploiting Guianese gold resources with the strong involvement of local players. The Company's objective is to offer sustainable exploitation for the Guianese mining industry. Since June 2015, Auplata is a shareholder in the Côte d'Ivoire mining company OMCI, which owns two mining projects in Côte d'Ivoire.
Auplata's share are listed on the Euronext Growth market in Paris (Euronext). ISIN: FR0010397760 – ALAUP; ICB: 1777 – Gold Mining.
For more information about Auplata, go to www.auplata.fr.