Bogoso currently has measured and indicated resources of 1.76 million ounces of gold contained within 19.8 million tonnes grading 2.76 grams gold per tonne.

Highlights from the drill program include drill hole 20-255, which intersected 14 metres grading 13.95 grams gold per tonne starting from 301 metres downhole.

The company has announced an increase of 554,000 oz. of gold resources at its Hounde mine in Burkina Faso.

The acquisition will give Scorpio control of land around its Goldwedge project, which contains a fully permitted underground mine and 400 ton-per-day mill.

The Chinese company bought its equity stake in the miner in December 2019.

The deal gives Triple Flag rights to the majority of the gold and silver that will be produced at the mine in New South Wales.

RBC Capital Markets has raised its silver price forecasts by 16% in 2020, 17% in 2021 and 14% in 2022.