African gold miner Randgold on Thursday reported a 53 percent rise in half-year profit and a mounting cash pile, and said it was well on the way to developing projects that will position it for an eventual increase in demand.
Côte d'Ivoire Mining News
The top 10 ranking of the lowest all-in cost gold mines in the world – former US president Herbert Hoover was once in charge of no. 8 on the list.
A drill program at the mine's North Kao deposit has added 262,000 ounces to the reserves, extending Karma's life to more than 10 years.
Year to date, the company has produced 408,000 ounces of gold from its five mines in Mali, Côte d’Ivoire, and Ghana, which represents a 8% increase compared to the same period in 2015.
Operational challenges and regulatory uncertainty in the region will keep a lead on its resources sector until at least 2020, says BMI research.
It said the move reduces its administrative, compliance and legal expenses, which could no longer be justified given the low levels of trading on the ASX relative to Endeavour’s TSX listing.
Shares in fast-growing producer surge after drill results at Cote d'Ivoire "free dig" mine provide extensions of oxide mineralization and fresh resources.
The Vancouver-based miner has sold 30% of the company to La Mancha Holding in a deal that will grant it a majority stake in the massive Ity gold mine, in Côte d’Ivoire.
Results confirm high grade mineralization zones at the firm's Agbaou gold mine, in Côte d’Ivoire.
Endeavour Mining shares jump 10% after Vancouver firm slashes debt as mines in Cote d'Ivoire, Mali, Burkina and Ghana mines throw off cash.
With the exception of Ghana and Cape Verde, which were ranked as “medium risk” in the index published Wednesday, all others were classified as “high risk."
Gold miner Perseus Mining (ASX & TSX:PRU) reported Tuesday a maiden profit of A$52.4-million for the 12 months ended June, after the company reported its first half year of commercial production.
The West African focused gold mining company highlights significant gold discoveries in a report of its Yaoure Project in Côte d'Ivoire.
La Mancha's White Foil property shows underground potential with mineralization extending 350 metres below current resource
"Thrilled" with the initial drill results, La Mancha continues to testing a depth of 600m, which is more than 350m deeper than the current resource boundary.
Endeavour's Agbaou gold project enters construction with planned 103,000 ozs/yr at $635/oz cash cost
The Agbaou project in Côte d'Ivoire has entered the construction phase of development. The open pit mine is expected to produce 103,000 ounces of gold per year over 8 years