Mali

Avion Gold languishing near 52-week low despite almost doubling resources in Mali

Shares of Avion Gold failed to recover on Thursday after taking a 28% pummeling the day before, despite announcing vastly improved mineral resources at its Tabakoto Project in Mali, West Africa.

AngloGold profit almost double in Q1 and plans investments of $1.9 billion to boost production

Africa's largest gold miner AngloGold Ashanti (NYSE:AU) posted first-quarter earnings Thursday of $429 million, which more than double the same period last year, despite a drop in production on the year.

Mali gold mine resuming operations after political strife

A few weeks after explorer Pearl Gold officially inaugurated its Kodieran gold mine, in Mali, a delegation comprising the company’s management and supervisory board visited the project to inspect the effect of recent political unrest in the country on operations.

Invest in Africa now: Nana Sangmuah

Last year, Africa was the region that witnessed the strongest growth in gold-mining operations. In an exclusive interview with The Gold Report, Nana Sangmuah, managing director of research with Toronto-based Clarus Securities, expects that trend to continue and suggests some immediate smart investments in Ghana, Mali, Liberia and the Democratic Republic of the Congo.

Randgold aids north Mali

Humanitarian funds raised by Randgold Resources chief executive Mark Bristow's trans-African motorcycle safari in 2010 have been used to make a food donation to people in the north of Mali, which has been afflicted by an uprising by Touareg rebels.

Lifting of sanctions against Mali welcomed by gold miners

Sanctions against Mali's military junta were lifted on Sunday after the country's coup leaders agreed to step aside, allowing a provisional authority to organize elections within 40 days.

Mali is quickly turning very ugly: Separatists, Islamists seize Timbuktu

Tuareg rebels aided by Islamists ransacked bars, banned Western-style dress and music and called for the imposition of Sharia law.

Win some lose some: Gold Fields delving deeper into Philippines, suspends drilling in Mali

Nick Holland of CEO Gold Fields said on Monday the company has plonked $63 million on a second gold-copper project in the Philippines. The globe's fourth-largest gold miner also announced it is suspending drilling in Mali, Africa's third largest gold producer following a military coup.

What does Mali's coup mean for miners?

Investors are holding their breath after a military mutiny and coup March 22 in Mali, one of West Africa's most established democracies. This Gold Report exclusive delves behind the headlines to analyze the coup's impact on miners.

Endeavour Mining sells 40% interest in Finkolo JV for US$20 million cash

MONACO, March 6, 2012 /CNW/ – Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to announce it has entered into a definitive agreement with Resolute Mining Limited ("Resolute") (ASX:RSG) for the sale and transfer of its 40% interest in the licenses and associated property comprising the Finkolo Joint Venture (the "Finkolo JV") in Mali for total consideration of $20 million in cash.

Avion Gold Corporation: Underground Ore Production Starts at Tabakoto Mine, Mali

Avion Gold Corporation (TSX:AVR) (OTCQX:AVGCF) is pleased to announce that production operations have started at its newly developed underground mine at the Tabakoto gold deposit in Mali, West Africa.

Endeavour Mining reports Q4 and full year 2011 gold production and 2012 guidance for production, development and exploration

Endeavour Mining Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to announce it met 2011 production targets with Q4 gold production of 24,010 ounces from its Nzema operations in Ghana and 21,586 ounces from its Youga operations in Burkina Faso. Total annual production for 2011 was 177,290 ounces of gold at a cash cost per ounce of $614 (excluding royalties), comprised of 90,026 ounces from Nzema and 87,264 ounces from Youga

Human Rights Watch finds evidence of child labour in Mali gold mines

It is a sad but indisputable fact that in today's mining industry there are countries that still allow labour practices that belong in Dickensian England rather than a modern economy.

Desert Gold Receives Conditional Exchange Approval for Acquisition of TransAfrika Belgique S.A.

Further to its press release of October 5, 2011, Desert Gold Ventures Inc. (TSX-V: DAU) (the "Company" or "Desert Gold") is pleased to announce that the TSX Venture Exchange (the "Exchange") has conditionally approved its proposed acquisition (the "Acquisition") from TransAfrika Resources Cyprus Limited (the "Vendor") of all of the outstanding shares of TransAfrika Belgique S.A. ("TransAfrika"), a private Belgian company which owns interests in three advanced exploration-stage gold deposits in central and western Africathrough subsidiaries in Rwanda, Mali and Senegal.

Avion Gold announces third quarter earnings of $7.2 million with cash flow of $15.3 million

TORONTO, ONTARIO–(Marketwire – Nov. 15, 2011) – Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") today announces its financial results for the third quarter ended September 30, 2011. All amounts are in United States dollars unless otherwise indicated. Earnings Per Share of $0.02. Cash Costs of $806 Per Ounce Produced in Third Quarter 2011

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.

Merrex Gold thinks big in Mali

The much maligned junior gold mining sector enjoyed a rare respite on Wednesday, but while most juniors moved up, Merrex Gold (MXI-V) was one of the most favored of them all. The company, whose Siribaya gold project in western Mali… [ Full Story ]

Avion's Kofi C Zone Returns Further High Grade Intercepts, Mali, West Africa

TORONTO, ONTARIO–(Marketwire – Oct. 11, 2011) – Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the 'Company') is pleased to announce the results from 45 drill holes totaling 9,367 metres completed over the Kofi Project during the third quarter of 2011. Drilling was focused in and proximal to the Kofi C zone which contains an historic National Instrument 43-101 ("NI 43-101") estimated indicated mineral resource of 873,000 tonnes grading 3.6 g/t Au totaling 99,000 ounces of gold and an inferred mineral resource of 913,000 tonnes at 3.7 g/t Au totaling 109,000 ounces gold (Roberts1, 2008, NI 43-101 compliant resource report, available under the SEDAR profile of AXMIN Inc.). Note that a qualified person has not carried out the work required to classify the historical estimate as current mineral resources for Avion and therefore Avion is not treating the historical estimate as current mineral resources. Avion intends to update the resources for the Kofi project in late Q4, 2011.

Avion Q3 gold output misses own view, cuts 2011 outlook

n"Oct 7 (Reuters) – Avion Gold Corp said third-quarter production at its mines in Mali, West Africa was below expectations, as technical difficulties and heavy rains led to lower grade ore recovery. The West Africa-focused company, which holds 80 …

Avion Announces Q3 Gold Production of 21,700 Ounces

TORONTO, ONTARIO–(Marketwire – Oct. 7, 2011) – Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the 'Company') is pleased to announce third quarter of 2011 production of approximately 21,687 ounces of gold from its Tabakoto/ Ség…

West African gold and iron ore: a mining boom in one fifth of Africa

Gold mines in Mali are an underexploited treasure trove for commodity investors, the supervisory board chairman of German-listed Pearl Gold told Reuters in an interview, Mineweb reports.

13,000 ounce gold reserve gives Avion’s Tabakoto mine 5-year life

Canadian mining company Avion Gold Corp gave an initial gold reserve estimate of 913,100 ounces at its flagship Tabakoto mine in Mali, West Africa.

The company said it expected the reserve to support the mine for a period of five years.

913,000 ounce gold reserve gives Avion's Tabakoto mine 5-year life

Canadian gold junior reckons its gold reserve at flagship Tabakoto mine in Mali gives it at least 5-year life. Canadian mining company Avion Gold Corp gave an initial gold reserve estimate of 913,100 ounces at its flagship Tabakoto mine in Mali, West Africa.

Eagle Eye Metals commences drilling

Eagle Eye Metals Limited (ASX:EYE) is pleased to announce that it has commenced its inaugural drilling program at the Kourouba Prospect, located within the Company's Dankassa Gold Project, in southern Mali.