Managem Group is pleased to announce the successful first gold pour at its Boto gold mine, located in the commune of Madina Baffé, in the Kédougou region of Senegal. Construction was completed on schedule and the processing plant has successfully produced first gold. The mine is now in the ramp-up phase, with commercial production expected in the coming months.With a total investment of €350 million, Boto ranks among the largest mining developments in Senegal. The mine is expected to deliver an average annual production of 160,000 ounces of gold over its first three years of operation. Total mineral reserves are estimated at 1.8 million ounces, supporting a mine life of 12 years.Project Highlights: •Open-pit operation with an annual rock extraction capacity of 35 million tonnes • Processing plant with a 2.75 Mtpa capacity • Supporting infrastructure includes: a 23 MW power plant, water dam, tailings storage facility, fuel depot, accommodation camp, airstrip, and road network. During peak construction, more than 2,500 workers were mobilised, 90% of them Senegalese nationals. Once in full operation, Boto is expected to generate more than 1,500 direct and indirect jobs, contributing significantly to local economic development.Community Impact and SustainabilityFrom the outset, Boto has embedded strong ESG principles into its development model. The project implemented a comprehensive community program, supporting access to drinking water and healthcare, providing vocational training and employment opportunities for youth and women. It has also backed income-generating initiatives to support long-term local prosperity.CEO StatementImad Toumi, Chairman and CEO of Managem, commented:« We are proud to see Boto reach production, a long-awaited achievement for local communities and a key milestone in our growth strategy. Boto reflects our commitment to becoming a leading gold producer in West Africa, and is the result of the outstanding commitment of our teams, in close partnership with the Senegalese authorities. This project is a strong example of our approach to sustainable growth, driven by operational excellence, environmental responsibility, and community respect. »