Results confirm high grade mineralization zones at the firm's Agbaou gold mine, in Côte d’Ivoire.
Ghana Mining News
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 country bans child labour in mines, but critics say the government has not done enough to stop illegal operations from exploiting minors.
A rights group estimates that thousands of children as young as nine are working in the country's gold mines, violating international and local laws, as well as risking their lives.
Mali, Papa New Guinea, Burkina Faso, Guinea, Tanzania, DRC and Mongolia among countries where gold mining contributed the most to their locals economies, says the World Gold Council.
The sale would be one of the largest of a U.S. gold mine since the price of the precious metal began falling in 2013.
The miner, which is the world’s No.4 bullion producer, said unreasonable wage demands and escalating power costs in South Africa will likely push the country’s industry down the slippery slope.
Three miners died last week in Ghana after inhaling toxic fumes while underground.
Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.
The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.
The revised regulation will empower courts to confiscate equipment seized from illicit miners.
Firm also working to restructure Obuasi mine in Ghana.
Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.
Move signifies departure for Vancouver-based miner.
An initial 90-day moratorium on new prospecting permits could be extended if necessary, authorities said.
West Africa's emerging hotspot of Ghana is one of the best indicators of how the oil and gas playing field is undergoing a major transformation.
The miner is also said to be ready to shut down operations at its Obuasi gold mine, in Ghana, for up to two years.
Analysts claim Sub-Saharan Africa's investment environment is deteriorating.
Last year Ghana arrested and deported almost two hundred Chinese illegally mining gold in the country.
In the third quarter of 2013, Ghana's output of the precious metal declined by 18%, the Minerals Commission says.
The two companies will create a mid-tier producer with two Ghanian mines. Expected annual output of 400,000 ounces by 2017.
The cost-cutting miner, however, warned it's in the process of exiting a number of exploration projects in 13 "non-core" countries.
Company working on improving its increasing cost structure.
Last week’s spillage from a pipe at the miner's operations in Stilfontein is said to have spread toxic waste over about 1.6 kilometres of the water resource.
The official version is that the three small-scale miners lost their lives after inhaling excess smoke in a pit during a blast to extract the mineral.