Endeavour Mining shares jump 10% after Vancouver firm slashes debt as mines in Cote d'Ivoire, Mali, Burkina and Ghana mines throw off cash.
The Vancouver-based company said it is on track to pour its first gold at the mine in the first quarter of 2016.
The code, which is yet to be formalized into law, respects clauses in existing deals, said the miner.
$111 million underground mine in Burkina Faso boasting average grade of 11.8 g/t expected to commence production in a year's time.
Montreal company's shares are up 26% in 3 weeks following acquisition of Natougou gold deposit in Burkina Faso after $147m takeover of Orbis Gold.
Montreal-based producer picks up flagship project in Burkina Faso after sealing $139 million takeover of Australia's Orbis.
Burkina Faso may encounter some short-term choppiness.
Double digit gains for Toronto junior after receiving final approval for its high-grade, low-cost Yaramoko gold project.
Vancouver junior is assessing damage at its Karma project in West Africa after demonstrations suspend operations.
The security guard, a long-time employee at the Masbate gold project, was killed by a fellow guard on Saturday, following an argument between the two.
Under the golden light of the setting Saharan sun, two types of workers shuffle between concrete huts on their way home, still bathed in sweat from a day in the mines.
Canada is tying foreign aid to overseas mining development. It’s touted as “win-win,” but in Burkina Faso there are already some losers.
The miner plans underground operations at North Mara and inked a deal that could see it acquire up to 70%of a project in Burkina Faso.
As if tanking gold prices weren’t enough bad news for Canadian junior gold mining and exploration companies, now one of the more promising gold-mining nations in Africa is in a state of turmoil.
For those that haven’t had access to the internet or TV today, the West African country of Burkina Faso’s government has collapsed and is essentially in complete disarray.
Preliminary assessment of one-year old blind gold discovery at True Gold's Karma property adds $118m in after-tax free cash flow to Burkina Faso project.
Social and environment plan for ultra-high grade Yaramoko gold project approved meaning development could start before the end of the year.
Australia's Orbis Gold upgrades Natougou project's indicated resources 500% for total 2m ounces at 5.1g/t.
Vancouver-based junior stock up 6.5% after step out drilling confirms potential for significant resource expansion at its Karma project.
Later the fleet will be augmented with a second primary excavator and eight additional trucks.
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.
Stock is up 6% on Tuesday after regional drilling returns 226.8gpt gold over 3.1m including 442gpt over 1.6 metres.
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.
But it expects to return to profitability by the end of the current fiscal year.
TrueGold Mining adds to 30% gains since early December on Monday after environmental permit for Burkina Faso gold project is granted.
Eight of the 12 fastest-growing economies in Africa in recent years did not rely on natural resources.
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