Yaoure Model and Narrative report

This page contains the Yaoure Project Fiscal Model and the accompanying narrative report.

Yaoure gold mine is the first financial model of a major extractives project in the country known to have been developed substantially by government officials themselves. Using the internationally recognised FAST modelling standard and financial statements published by Amara Mining PLC from April 25th, 2014, it provides the following insights onto one of the country’s major natural resource projects:

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Narrative report: Yaoure


The main findings of the model and analysis are:

  •  A five year tax holiday costs the government over $120 million
  •  The investor would achieve a 25% rate of return even without the tax break
  •  Government revenue is $626 million over the life of the project
  •  The investor earns just over a billion dollars
  •  Government take is about 40%

For media inquiries:
Johnny West, Director, johnny.west@openoil.net

Yaoure Project Fiscal Model

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Click on the chart to download a copy of the full model for your own use, under CC-BY-SA 4.0 license.

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