Head of the mines division said a previous production forecast of 59.3 tonnes of gold for 2018 had been marginally increased.
Mali Mining News
Few gold mines can operate profitably below 1 gram a ton which is equivalent to extracting two teaspoons of gold from a Statue of Liberty’s worth of ore.
The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.
The turnaround in performance was mainly the product of increased output, reduced net debt and lower-than-expected restructuring costs.
As a result of the latest stoppage at the Ivory Coast mine and the time it will take to bring it back on line and at full tilt, Randgold will have to review its 290,000-ounce gold output forecast for the year.
Labour action has brought gold production to a halt.
The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.
Under the agreement begun in February 2016, Randgold held a 65 percent stake in the Kossanto West Gold Project licences, which will revert to Cradle Arc, now the 100 percent owner.
The strike at the company’s Loulo and Gounkoto mines is related to the payment of bonuses and will continue until the issue is resolved.
CanRos' CEO says western Mali has potential for discovering large gold deposits.
Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.
BMI presents the recent changes to the DRC’s mining code as an example of a situation that challenges all the parties involved, but that is very unlikely to cloud miners’ interest in venturing in the country.
The Canadian miner says any contemplated amendments in a new mining code will not apply to Fekola without its consent.
Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said. Many […]
Many mines in Mali, Africa's third-largest gold producer, are protected from changes to the fiscal regime for 30 years.
Gold mining in Africa has a bad rap — particularly when it comes to women. But in Mali, one of the world’s poorest countries, the victimization lens does great injustice to the hundreds of women mining alongside men.
Firm said the $412-million construction project to upgrade the Ivory Coast-based gold mine remained on-time and on-budget.
Company has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4% this year.
RosCan is targetting different land packages in Ghana and Mali.
This is the ninth consecutive year the Canadian miner achieves record annual gold production.
The London-based miner sold its 90% stake in the project to BCM International. The remaining 10% is held by the Ghanaian government.
Industrial gold production in Mali, Africa's third biggest producer, is on track to exceed earlier forecasts for this year, says government official.
The Fekola mine will add up to 410,000 ounces of gold to the company's annual output.
Miner said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali.
Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.