Baturi Local Miners Company Ltd
BLMC started life as a junior exploration company in 2004, exploring tenements in Cameroon. In 2006, BLMC acquired the Batouri exploration licences in Caameroon that had previously hosted heap leach mining operations. Significant exploration success followed, and the company rapidly evolved from explorer to developer and then gold producer in 2012 with the successful development of the Mongonam Gold Mine.
In pursuing our strategy of becoming a multi-mine, multi-jurisdictional gold producer, developer and explorer, we developed our second gold mine, the Dem Gold Mine, based on an exploration discovery made early in the company’s history. Since achieving commercial production at the end of March 2018, Dem has surpassed all expectations, routinely exceeding internal targets for run time, recovery, gold production and costs.
BLMC commenced development of its third mine, the Djira Gold Mine, also in Cameroon in May 2019, three years after the acquisition of Dem Mining plc. Djira first gold was poured ahead of schedule in December 2020, and BLMC declared commercial production in March 2021.
In May 2022, BLMC acquired Kambelle III Gold and is now the owner and developer of the Kambelle Sand Gold Project in eastern Cameroon.
Kambelle Sand is a high-quality development project, that if brought on stream, should ensure that BLMC can maintain or exceed its targeted production level well into the next decade.
BLMC produced 535,000oz gold in FY23, and is focused on maintaining this level of gold production and generating a cash operating margin of not less than US$400 per ounce for the foreseeable future by optimising and extending the life of existing assets, and through the discovery and acquisition of new Mineral Reserves.
BLMC remains an African focused gold company where it believes its many years of proven development and operational experience provides a competitive advantage for the company.
We are focused on maintaining a high level of gold production by extending the life of existing assets and continued discovery and acquisition of new mineral reserves.
OUR VISION:
CORPORATE VISION – By undertaking socially and environmentally responsible and commercially successful discovery, acquisition, development, and operation of gold mines, we provide material benefits to our stakeholders.
CORPORATE MISSION – We generate material benefits for all of our stakeholders, in fair and equitable proportions.
CORPORATE OBJECTIVE – To progressively position our business to sustain gold production of approximately 500,000 ounces per year at a cash margin of not less than US$400 per ounce, from 2022.