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flag Sierra Leone’s first major gold mine, backed by $330M in debt, is underway with local jobs and economic growth expected.

flag FG Gold, Africa Finance Corporation, and Afreximbank have finalized a $330 million senior debt deal for Sierra Leone’s Baomahun Gold Project, the country’s first large-scale commercial gold mine. flag The financing, supported by Trafigura and AFC’s prior investments, brings total African Development Finance Institution funding to $430 million. flag The project, led by a predominantly African team, is expected to produce 150,000 ounces of gold annually, create up to 900 jobs with 90% local hiring, and contribute roughly 10% to national GDP. flag Construction has begun, with first gold pour anticipated soon, and community investments include health, education, and infrastructure funded by a 1% revenue commitment. flag Officials highlight the project as a milestone in African-led mining development and sustainable economic growth.

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