Burkina Faso

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

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

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.

Volta extends gold mineralization northwards at Kiaka gold project

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

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

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

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

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

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

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

Blackthorn Resources hits high grade silver at Perkoa Zinc Project

Blackthorn Resources recently announced it has intersected high-grade silver mineralisation in all of the first three holes completed at the Perkoa JV Project in Burkina Faso, West Africa.

SEMAFO drills 4.29 g/t Au over 25 meters at Mana's Fofina Area – consistent values and widths confirm high-grade mineralization

SEMAFO (TSX: SMF) is pleased to provide an update on ongoing delineation drilling at Mana's Fofina area, a deposit that was discovered in 2010.

High River Gold gets mining license for Burkina Faso project

Canadian miner High River Gold Mines Ltd said it received a 20-year mining license in Burkina Faso to explore and construct a gold mine at its Bissa gold project in West Africa.

The company, which has properties located mainly in Russia and Burkina Faso in Africa, said the license could be renewed.

Orezone’s Bomboré Gold Project has positive PEA

Orezone Gold Corporation (ORE:TSX) is pleased to announce the results of a positive NI 43‑101 compliant Preliminary Economic Assessment that evaluates the potential of both open pit heap leach (HL) and carbon-in-leach (CIL) scenarios for its 100% owned Bomboré Gold Project in Burkina Faso, West Africa.

Riverstone intersects new gold zone at Karma

iverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV) is pleased to report further results from the drill program on the company's Karma Project in Burkina Faso, West Africa (see map on website: http://www.riverstoneresources.com/i/maps/110608-100504_GG1_2_Cartoon.jpg). The holes are part of an ongoing RC drill program on the Goulagou I zone of the Karma Project. The program is designed to both fill-in and expand the known mineralization at Goulagou I, which remains open in all directions, especially to the west and at depth.

Map of the Karma Project by Riverstone Resources Inc.

Avion doubles up exploration at Burkina Faso gold target

Africa-focused gold producer Avion Gold (TSX: AVR) will intensify its drilling campaign at its Vindaloo zone in Burkina Faso following a slew of drilling results that extended strike length of gold mineralization by over a kilometre.

Calling the latest intercepts an "apparent clear path" to a resource increase, John Begeman, Avion president and CEO, said in a statement that Avion would double its exploration budget to $6 million at the Hounde property, which covers the Vindaloo target. There Avion has so far outlined 63,000- and 547,000-ounces gold in the indicated and inferred categories, respectively.

West Africa opens its doors to Fordia

Canadian manufacturer Fordia is strengthening its presence on the African continent with the inauguration of its first office in Ghana as a hub to handle its West African operations, covering nine countries, namely: Mali, Nigeria, Burkina Faso, Cote d’Ivoire, Liberia, Sierra Leone, Senegal, Guinea and Ghana. Read the full press release

IAMGOLD's Essakane Mine resumes operation

IAMGOLD announced that employees at the Company's Essakane Mine in Burkina Faso are back at work and that the mine has resumed operation.

Negotiations are to resume immediately with the intent to resolve all issues within the next 60 days.

IAMGOLD reports record first quarter net earnings operating cash flow up 177% year-over-year

IAMGOLD Corporation reported its unaudited consolidated financial and operating results for the first quarter ended March 31, 2011. Net earnings were $162.3 million ($0.41 per share), an increase of $102.1 million compared to the first quarter of 2010, and operating cash flow was $205.8 million ($0.55 per share1), representing an increase of 177% from the first quarter of 2010.

"Our strong first quarter results reflect our focused strategy to maximize the value of mines that we own and operate," said Steve Letwin, IAMGOLD's President and CEO. "Attributable gold production was up 41% year-over-year driven chiefly by the inclusion of Essakane along with higher recoveries at Rosebel. We continue to benefit from higher gold prices and are implementing various initiatives to reduce our cash costs."

SEMAFO Discovers New Gold Zone With 2.27 g/t Au Across 54 Meters

SEMAFO (TSX:SMF) today announced the discovery of the new Yaho gold zone, located 4.5 kilometers southwest of the Fofina zone and 20 kilometers southwest of the Mana Mill in Burkina Faso.

Three Reverse Circulation ("RC") drilling sections were carried out to date across this wide alteration zone with each section returning wide, significant grade intervals such as 2.27 g/t Au across 54 meters (hole MRC10-540 – section 15450N), 2.00 g/t Au across 20 meters (hole MRC10-542 – section 15450N), 1.37 g/t Au across 16 meters (hole MRC10-514 – section 15650N), 4.59 g/t Au (10.73 g/t Au uncut) across 10 meters (hole MRC10-526 – section 15850N), and 1.88 g/t Au across 88 meters (hole MRC10-529 – section 15850N).

Higher gold prices push Randgold profits up 43% despite tough year

Randgold's full-year profit $120.6M, compared with $84.3M last year. Company proposes to increase dividend by 18% to 20 cents per share; predicts attributable production of 750,000-790,000 ozs for 2011.

IAMGOLD Launches Expansion Feasibility Study for its Essakane Mine in Burkina Faso

IAMGOLD Corporation  (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) has launched a full feasibility study to review the expansion of the Essakane Mine in Burkina Fasoin West Africa. Read the full press release

Avocet Ships First Gold from Inata

Avocet Mining PLC announces the first shipment of gold from its Inata mine in Burkina Faso. Inata poured first gold on 20 December 2009 and this week exported approximately 11,000 ounces of gold to Rand Refinery’s facility in South Africa. …

Semafo’s gold to generate solar power for inhabitants of Burkina Faso?

Semafo is partnering with the government of Burkina Faso to undertake a prefeasibility study to construct a 20 MW solar power station to generate electricity. Semafo is a Canadian-based mining company with gold production and exploration activities in West Africa. It currently operates three gold mines in Burkina Faso, Niger and Guinea. The first phase of [...]