Burkina Faso

TrueGold surges after extending Burkina Faso find

Frik Els | June 9, 2014
TrueGold surges after extending Burkina Faso find

Vancouver-based junior stock up 6.5% after step out drilling confirms potential for significant resource expansion at its Karma project.

Komatsu dealer sells hydraulic shovel, haul trucks to True Gold

Michael Allan McCrae | May 20, 2014
komatsu true gold feat

Later the fleet will be augmented with a second primary excavator and eight additional trucks.

True Gold completes water infrastructure in Burkina Faso

Julienne Bay | May 12, 2014
True Gold completes water infrastructure in Burkina Faso

The reservoir will provide sufficient water for the Vancouver-based junior company’s construction and operational needs, as well as for local communities in Burkina Faso.

Roxgold's Burkina Faso drilling hits more insane grades

Frik Els | May 6, 2014
Roxgold's Burkina Faso drilling hits more insane grades

Stock is up 6% on Tuesday after regional drilling returns 226.8gpt gold over 3.1m including 442gpt over 1.6 metres.

Roxgold's robust Burkina Faso feasibility rocks stock

Frik Els | April 23, 2014
Roxgold's robust Burkina Faso feasibility rocks stock

Toronto junior is up 46% this year and feasibility for Yaramoko improves on what was already one of the lowest cost and highest grade projects anywhere in the world.

Unsteady gold prices pushes Goldplat deeper into red

Cecilia Jamasmie | March 10, 2014
Unsteady gold prices pushes Goldplat dipper in the red

But it expects to return to profitability by the end of the current fiscal year.

More good news for Vancouver gold junior on month-long tear

Frik Els | January 6, 2014
More good news for Vancouver gold junior on month-long tear

TrueGold Mining adds to 30% gains since early December on Monday after environmental permit for Burkina Faso gold project is granted.

Not all of Africa's fastest-growing economies relied on mining

Ana Komnenic | November 2, 2013
Nonresource intensive African economies

Eight of the 12 fastest-growing economies in Africa in recent years did not rely on natural resources.

Mining investments a lot safer in Mozambique, Burkina Faso and PNG

Cecilia Jamasmie | September 25, 2013
Mining investments a lot safer in Mozambique, Burkina Faso and PNG

Other notable good performers in the 2013 Corruption Risk Index are Senegal and Botswana.

Burkina Faso is a good place for gold mining: Goldrush Resources

Kerry Hall | June 21, 2013
Burkina Faso

Vancouver-based junior miner discusses exploration and mining in the west African nation.

Riverstone Resources and Blue Gold Mining merge in a $30 million deal

MINING.com Editor | October 18, 2012
shutterstock merger acquisition 333

Vancouver-based Riverstone Resources signed Thursday a deal to acquire Blue Gold Mining, in an all-share deal valued at $30.3 million, which will allow the new company to strengthen its exploration and near-term production activities at properties in West Africa.

Report: Half of gold miners in Africa could be children

Frik Els | October 12, 2012
Dubai refiner responds to conflict gold charges

Many children and teenagers skip school to work at the gold mines where they can earn $14 during a six-day week workweek.

Gold mining to drive Burkina Faso’s growth but companies at risk

Cecilia Jamasmie | October 5, 2012
mining terrorist risk

The West African nation of Burkina Faso is forecasting its gold industry will boost growth next year, but the latest report from UK-based think-tank Exclusive Analysis, warns of increasing risks of kidnap and collateral harm by Islamist groups spreading from northern Mali.

Gold production in Africa up almost 10% in 2011

Cecilia Jamasmie | September 6, 2012
africa_elephants_sun

But South Africa's output continues to fall says the Economics Group’s.

Riverstone announces preliminary economic assessment results on flagship Karma gold project; after-tax NPV of $192 million and IRR of 37%

Marketwire - Mining and Metals | August 20, 2012

The company highlights an after-tax NPV $192 million and IRR 37%.

Second day of heavy losses has Semafo investors reeling

Frik Els | July 12, 2012
First round to First Quantum

The Montreal-based company, down 21% following a dive of 17% on Wednesday, were deemed by investors to have overpromised and underdelivered on its exploration results.

Volta outlines ‘monumental' gold mining project for 5m ounce deposit

Mineweb | May 4, 2012

Volta puts the details to its five million ounce Kiaka gold project in a prefeasibility study it released on Thursday.

Goldrush Encounters Gold Mineralization in RAB Drilling Program on Pompoi Permit, Contiguous With Roxgold's Yaramoko Project in Burkina Faso

Marketwire - Mining and Metals | February 1, 2012

Goldrush Resources Ltd. (TSX VENTURE:GOD)(OTCQX:GDRRF) ("Goldrush" or the "Company") is pleased to announce the results of a shallow Rotary Air Blast ("RAB") drilling program on the Company's Pompoi permit which is contiguous with and to the east of Roxgold Inc.'s ("Roxgold") Yaramoko permit.

Endeavour Mining reports Q4 and full year 2011 gold production and 2012 guidance for production, development and exploration

CNW Telbec | Mining/Metals | January 30, 2012
Demand for gold

Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to announce it met 2011 production targets with Q4 gold production of 24,010 ounces from its Nzema operations in Ghana and 21,586 ounces from its Youga operations in Burkina Faso. Total annual production for 2011 was 177,290 ounces of gold at a cash cost per ounce of $614 (excluding royalties), comprised of 90,026 ounces from Nzema and 87,264 ounces from Youga

Volta extends gold mineralization northwards at Kiaka gold project

Proactive Investors USA | January 16, 2012

Volta Resources (TSE:VTR) Monday announced drill results from nine holes as part of its on-going phase 3 program at its flagship Kiaka gold project in Burkina Faso.

Australia's Gryphon advances gold discovery in Burkina Faso

Mineweb | November 18, 2011

Active Australian gold explorer, Gryphon, today announced significant new drilling results at its Samavogo prospect. Gryphon Minerals Ltd (ASX: GRY indicated today that the latest drilling could enhance the already-established JORC Code inferred resource

Randgold up 7% after shooting the lights out in West Africa

Frik Els | November 2, 2011
mali

Shares of Randgold Resources, a pure-play gold mining company focused on west and central Africa, soared 7.4% Wednesday after announcing third quarter production increased 80% and sales jumped to $309.6 million from only $116.3 a year ago.

Despite a once-off drop in gold sales from the previous quarter following instability at its Tongon mine in the Ivory Coast where it has been producing for one year and what it described as once in a century rainfall at its Loulo/Gounkoto operations in Mali, third-quarter income increased more than four-fold to $106.8 million.

Sarama Resources completes IPO to raise $16.7 million for Burkina Faso gold exploration

CNW Telbec | Mining/Metals | November 2, 2011

Sarama Resources Ltd. are pleased to announce the completion of our initial public offering ("Offering") and the issuance of a total of 18,538,711 Units (which includes the partial exercise of the over-allotment option of 1,872,045 Units) at$0.90 per Unit, raising gross proceeds of $16,684,840.

We will use the net proceeds of the Offering principally to advance our exploration activities at the South Houndé Project where extensive drill programs are planned and our other prospects in Liberia and Mali where significant exploration programs are already underway.

Concordia Resource to buy Swala Resources in 12,400 square kilometre Africa land grab

Marketwire - Mining and Metals | October 24, 2011

Concordia Resource Corp. (TSX VENTURE:CCN) ("Concordia") is pleased to announce that, further to its news release dated September 6, 2011, it has signed an arrangement agreement (the "Agreement") with Swala Resources Inc. ("Swala"), dated October 20, 2011. Under the Agreement Concordia has agreed to acquire all of the issued and outstanding Swala securities pursuant to a plan of arrangement. Swala brings to Concordia an extensive exploration portfolio in the resource endowed regions of Burkina Faso, Gabon, the Democratic Republic of Congo (the "DRC"), Zimbabwe and Mozambique with a land package totaling over 12,400 km2, as well as an experienced management team and board of directors with extensive expertise in Africa. Completion of the plan of arrangement transaction is expected by December 2011.

Semafo Q3 sales rise on higher gold output

Reuters UK | October 6, 2011

Semafo Inc's third-quarter revenue jumped 19 percent, helped by higher gold output at its Mana mine in Burkina Faso, west Africa.

Burkina Faso's first zinc mine to start up

sharenet | September 11, 2011

SYDNEY (Reuters) – A new zinc mine in west Africa is due to start up in mid-2012, just as some of the world's largest deposits are winding down, creating the first window in years for new suppliers in a chronically over-supplied market. The Glencore

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