Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.
Burkina Faso Mining News
The company has increased the mineral reserves at its Youga gold mine by 23% – extending the mine life by an additional four years to 2031.
The Canadian gold producer churned out 45,098 ounces of gold in the first three months of 2019, flat quarter-on-quarter, but 34% lower than in the same period a year earlier.
In the he latest issue of propaganda newsletter Al-Naba, ISIS took responsibility for the abduction and murder of Halifax, Nova Scotia-based Kirk Woodman.
Data shows West Africa has the biggest growth rate in the yellow metal’s resources in the world.
It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.
Tambao, one of the world’s largest manganese mines, has been halted since 2015 after Burkina Faso's new government ordered the company to stop production.
The deal will allow the Canadian miners to consolidate their Karankasso and Mana properties.
The incident occurred at the end of the night shift and during the operation of the contractor haul truck on site.
Teranga Gold is “pleased with the grades, strong continuity and widespread mineralization.”
SEMAFO expects to produce between 390,000 oz. gold and 430,000 oz. gold in 2019.
The Yaramoko mine is situated in the Houndé greenstone belt region in the Province of Balé in southwestern Burkina Faso.
This week, the country’s parliament voted to extend a state of emergency that has been in place since Dec. 31, by six months – following a string of terrorist incidents in several northern provinces, included the recent murder of Canadian geologist, Kirk Woodman.
Woodman was an accomplished and respected geologist with a career spanning over 30 years.
Avesoro’s annual production jumped by 15% to 220,458 ounces of gold compared with 2017, with its New Liberty mine in Liberia alone churning out 109,107 ounces.
For 2019, the Canadian miner forecasts gold production of between 935,000 and 975,000 ounces at all-in sustaining costs estimated at between $835 and $875 per ounce.
The Canadian miner now owns 85% of Ity, the government of Ivory Coast 10% and State-owned mining company Sodemi the remaining 5%.
Combined indicated and inferred resources for the satellite deposit, located 15 km northwest of its Essakane operation in Burkina Faso, amount to 376,000 gold ounces.
Jihadist militants ramp up attacks against security forces.
Acacia chose to divest of South Houndé as part of an ongoing review of its exploration portfolio, to focus on core projects.
The company has now upgraded 90% of its Kari Pump resource to the indicated category.
The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.
Timis's Pan African Burkina Limited (PAB) acquired the rights to the Tambao mine, which it says holds 100 million tonnes of manganese reserves, in June 2012.
Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two earlier attempts.
Firm said the $412-million construction project to upgrade the Ivory Coast-based gold mine remained on-time and on-budget.