(Burkina â Emine) â Ouagadougou August 12, 2016:Â The Bureau of Mines and Geology of Burkina (BUMIGEB) holds a workshop on the regional stream sediments survey results public restitution. The survey was carried over the south-west of Burkina Faso.
Directed by BRGM France in collaboration with BUMIGEB, this survey was done as part of the A2 component of the PADSEM (Project for Mining Sector Development Support in Burkina Faso) and covered the Southwest, Cascades and Haut- Bassins regions. Read more »
(Burkina â Emine) â Ouagadougou July 26, 2016:Â Burkina Faso is, recently named among the mining countries but most of Burkina Faso peoples believe that the exploitation of the country’s natural resources does not give them what they deserve. This led the leaders during the Transition in 2015 to review the countryâs mining code calling mining companies for more responsibility. But this does not seem satisfactory so that some people still call for a new revision of the mining code. This led the Read more »
Despite anÂ excellent geological potential, theÂ Burkina FasoÂ land remainÂ underexploredÂ compared to the matureÂ greenstone beltsÂ of West Africa. Recent investment from mining companies makes Burkina Faso nowadays theÂ fastest growing gold producerÂ and theÂ 4th largest gold producer in Africa. ActuallyÂ 8 new minesÂ wereÂ commissioned sinceÂ 2007Â includingÂ 7 gold minesÂ andÂ Read more »
(Burkina â Emine) â Ouagadougou April 21, 2016:Â âWe are very pleased to be transitioning the project into commissioning activities. With the mine outperforming on development rates, contributing to a healthy ROM pad balance, Roxgold is well positioned to advance through the end of the construction phase and into commissioning and production remains on schedule for first gold production in June 2016â. This optimistic assertion ofÂ Roxgold’s President & CEO, John Dorward tells well the enthusiasm of the company about its current Read more »
West African Resources Raised $12.5 Million on an Oversubscribed Share Issue for Gold Project in Burkina.18 April 2016
(Burkina â Emine) â Ouagadougou April 18, 2016:Â Australian Gold development company West African Resources announced on April 15, 2016 that it has succeed at the end of an heavily oversubscribed placement to raise up $12.5 million through a placement of up to 100 million shares at a price of $0.125 per share.
The company declared to have received overwhelming demand from international and domestic institutional investors, as well as strong support from a large number of Read more »
(Burkina â Emine) â Ouagadougou April 18, 2016: Orezone on March 30, 2016 announced that it has closed a C$5M investment into the Company by way of a non-brokered private placement through the issuance of 10,000,000 common shares at a price of C$0.50 per common share. The common shares generated by a private placement are subject to a four month hold period that Read more »
(Burkina â Emine) â Ouagadougou April 12, 2016: The Canadian junior, True Gold Mining has announced on April 11, 2016 that it achieved first production at the Karma gold mine. Â Few weeks before, the company had announced the beginning of ore leaching. The mine scheduled to produce 97,000 oz Au/year (average) over an 8.5-year mine life.
âToday is a great achievement for everyone that has been involved in building the Karma gold mineâ said Christian Milau, President & CEO of True Gold. âThis Read more »
(Burkina âEmine)âOuagadougou -Â April 03, 2016:Â This March 30, 2016, the Council of Ministers of Burkina Faso, under the Ministry of Energy, Mines and quarries, adopted a report on the situation of mining rights in the country.
It appears that 356 exploration permits are now in the public domain: of 731 exploration permits, 316 are expired and 40 have been renounced by their holders. To that should be added 368 of 419 artisanal mining permits expired.
A glance at the list of expired exploration licenses shows that just under hundred officially belong to junior Read more »
(Burkina – Emine) – Ouagadougou – 04/01/2016:Â On March 30, 2016 press release â SEMAFO Inc. announces that it has executed $120 million credit facility (âFacilityâ) with Australian Macquarie Bank Limited, which bears interest at LIBOR around 4.75%, in order toÂ assume the construction of the Natougou project mine located in Burkina Faso. The project is located approximatively 320 kilometers east of Ouagadougou, Read more »
(Burkina â Emine): Ouagadougou, March 4, 2016; Gold developer West African Resources Limited (ASX, TSXV: WAF) reported on March 1, 2016,Â Â âextremely highÂgrade RC results from M1 prospect, at its 100%-owned Tanlouka Gold Projectâ, in Burkina Faso.
On February 4, 2016, West African Resources (ASX, TSXV) was reporting an intercept of 4m at 36.58g/t Au from 60m in drillhole TAN16-RC118. A step-out drilling Read more »
(Burkina Emine ): Ouagadougou, March 3rd , 2016 â Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) has announced that it has received US$25.3 million upon simultaneously signing and closing the sale transaction of its Youga gold Mine to MNG Gold (âMNGâ).
The total cash consideration is comprised of US$20 million for the mine and 5.3 million in cash. Endeavour also retains a 1.8 percent net smelter royalty on mine Read more »
(Burkina-emine) â Ouagadougou March, 02 2016: During the last three years the world’s mining sector has gone through enormous difficulties. From international financial crisis through fall in commodity prices it is the whole sector which has been badly hit. However, all the companies have not experienced similar fortunes.
Public statistics released by the two giants of the gold industry Barrick Gold and Newmont, Read more »
True Goldâs management heard that malicious persons publish false recruitment advertising via social networks, promise jobs to job seekers against rewards in cash or kind.
True Gold Management get out and strongly condemns these practices which are against not only its policies, but also regulations in Burkina Faso. Read more »
500,000 tonnes of ore mined and stockpiled
VANCOUVER, B.C. â True Gold Mining Inc. (TSX-V: TGM) (âTrue Goldâ or the âCompanyâ) (all dollar figures in US dollars) is pleased to provide an update for the Karma Gold Mine, including the stacking of ore on the leach pad.
âWith construction nearing completion and commissioning underway, our team is now focusing on ramping up to commercial production,â stated Christian Milau, Read more »
(Burkina â emine) â Ouagadougou, January 30, 2016 â True Gold Mining Inc. (TSX-V: TGM) has announced that the Company has entered into an equipment refinancing facility with Auramet International LLC (âAurametâ) for US $10 million.
Auramet is a global physical precious metals merchant that provides a full range of services to participants in the precious metals sector, including buying precious metals Read more »
MONTREAL, QUEBECÂ – (Marketwired) –Â 01/20/16Â –Â SEMAFO Inc.Â (TSX:SMF)(OMX:SMF) reports full-year 2015 production results of 255,900 ounces at a total cash cost ofÂ $495Â and all-in sustaining cost ofÂ $648Â per ounce at itsÂ Mana Mine. As a result, the Corporation has met its production guidance for the eighth consecutive year Read more »
(Burkina â Emine): Ouagadougou, January 19, 2016 â First Mining Finance Corp. (âFirst Miningâ) and Goldrush Resources Ltd. (âGoldrushâ)Â together announced on 7th January, the happy end of the previously announced business combination, pursuant to which First Mining has acquired all the issued and outstanding shares of Goldrush by way of a court approved plan of arrangement (the âArrangementâ). Read more »
(Burkina â Emine): Ouagadougou, January, 19, 2016 â Endeavour Mining Corporation (âEndeavour Miningâ) (TSX:EDV) (OTCQX:EDVMF) has confirmed from its new base, Paris, on 11th of January that Â it has been removed from the official list of the Australian Securities Exchange (âASXâ), at the request of the company, at the close of trading (January, 11th ) . Read more »
MONTREAL, QUEBEC–(Marketwired – Jan. 18, 2016) -Â SEMAFO Inc. (TSX:SMF)(OMX:SMF) today reports that its employees are safe and were not involved in the terrorist attack on the Splendid Hotel in downtown Ouagadougou, Burkina Faso between January 15 and January Read more »
(Burkina -Emine): Ouagadougou, December 29th, 2015 – Nordgold (LSE: NORD) is an internationally diversified low-cost gold producer established in 2007 and publicly traded on the London Stock Exchange.
The Company has expanded rapidly through carefully targeted acquisitions and organic growth, achieving a rate of growth unmatched in the industry during that period.
Since, the company has achieved milestones that include: Read more »