"When mines close, the whole country loses out," said Julien Baudrand, senior vice president for sustainability at Fortuna Silver, which runs the Yaramoko gold mine in Burkina Faso. ($1 = 636.0000 ...Web
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Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a Canadian mining company operating the open pit Bomboré Gold Mine in Burkina Faso. Orezone is focusing on mining and processing the Phase I ...Web
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Burkina Faso: Five Largest Mines in 2021 Essakane Gold Mine in Oudalan, was the largest mine in Burkina Faso, producing approximately 15.87 million metric tons... Karma Mine …Web
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Mines owned and operated by Canadian mining companies in Burkina Faso are continuing to operate unaffected by the political situation in that country. Iamgold said that the supply chains for its ...Web
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Burkina Faso loses up to 20 tons of gold, worth around $1 billion on the open market annually through informal mining and exports, officials told CNN. About 60 people were killed and dozens more ...Web
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At current rates, Burkina Faso is set to produce 13% less gold this year than in 2021, in part because of mine closures, government statistics show. The start of production at Orezone's Bomboré ...Web
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Investments in mining in Burkina Faso have increased by 800% over the last 10 years because of the rise in prices of the main metals. As a result, the number of industrial mines increased from one to 17 between 2007 and 2019, with 16 gold mines and one zinc mine1 (totalling 26 valid large-scale mining permits).Web
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In Burkina Faso, where Souleymane Bouly recently took up the helm (AI, 07/07/23), it is still a substantial gold producer. Its Houndé and Mana mines, which are situated in the central part of the country, are expected to produce eight tonnes and 6.2 tonnes respectively in 2023 and the company has prospecting right in Batou in the south …Web
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gold mining has expanded and is now thought to account for a third of total gold production in the Sahel—and this is in a region with a long history of industrial gold mining (ICG, 2019). The gold mining sector in the region is still largely informal and comprised of diverse actors playing different roles, most of whom are artisanal miners.Web
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On June 30, 2023, Endeavour Mining plc closed the sale of its 90% interests in its Boungou non-core mine in Burkina Faso to Lilium Mining, a subsidiary of Lilium Capital. ... (initially the Boungou exploration permit), which contains the Boungou gold deposit, lies within the Diapaga greenstone belt, a northeast-southwest orientated belt that ...Web
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The Taparko mine was Burkina Faso's first industrial gold mine, launching in 2005, according to Nordgold's website. It is in Namantenga province, approximately 200 kilometers (124.3 miles ...Web
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Fortuna Silver Mines Inc. is a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our stakeholders through efficient ...Web
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Since 2016 jihadists have made $140 million from attacks on gold mines in Burkina Faso, according to a report commissioned by the government in 2020. Gold mining has increasingly become vital to the …Web
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Endeavour Mining is a gold producer in West Africa, with operating assets in Senegal, Côte d'Ivoire and Burkina Faso. The company has a strong portfolio of advanced development projects and exploration assets in the Birimian formations of West Africa's highly prospective greenstone belt.Web
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Nere Mining boss Elie Justin Ouedraogo is a former chairman of the Burkina Faso chamber of mines. The company bought the Karma mine in March from Burkina Faso's largest gold mining operator, Endeavour Mining. In 2021, the mine produced 88,000 ounces of gold. Since Nere acquired the mine, however, the security situation …Web
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In 2021, Burkina Faso was Africa's fourth largest gold producer after South Africa, Ghana, and Mali. There are currently 17 industrial-scale mines in the country, all of which 17 are gold mines. These gold mining firms come primarily from Australia, Canada, Russia, and Turkey.Web
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Driven by gold mining, Burkina Faso's mining sector accounts for 16% of GDP and 80% of exports, according to the latest EITI data. To increase the sector's contribution to the economy, the government said it will build a refinery to process gold locally. Burkina Faso's President, Ibrahim Traoré, laid the...Web
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Overview. Our Yaramoko Mine is in the Houndé greenstone belt region in the Province of Balé in southwestern Burkina Faso. In 2022, Yaramoko produced 106,108 ounces of gold. The Yaramoko Mine consists of two underground gold mines: the 55 Zone and Bagassi South. The deposits are greenstone-hosted high-grade orogenic gold …Web
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Essakane Gold Mine, Burkina Faso. Overview Geology & Mineralization Mining & Processing Outlook. Ownership: 90% IAMGOLD, 10% Government of Burkina Faso. Location. The Essakane project is located in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of …Web
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Endeavour Mining is one of the leading producers of gold in Burkina Faso. In 2021, the company's output was up by 69% over 2020. For more detailed analysis of gold in Burkina Faso, buy the report here. Premium Insights From The gold standard of …Web
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Mining activity in Burkina Faso is governed by the 2015 Mining Code, instituted by the Law n°036-2015/CNT, and its implementing decrees. Authorities under the Ministry of Economy and Finance – including the General Tax Directorate (DGI), the General Treasury and Public Accounting Directorate (DGTCP) and the General Customs …Web
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The Mana mine has been producing gold for over a decade and comprises both open pit and underground operations. Development of the Siou underground mine, using the long-hole method, was completed in Q1 2020. ... Burkina faso 2.2 MOZ M&I Resources 0.9 MOZ P&P RESERVES 190-210 KOZ Production 2023 Target $950-1,050 /OZ AISC 2023 …Web
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UK-based Endeavour Mining has divested 90% stakes in its Boungou and Wahgnion mines in Burkina Faso to Lilium Capital's subsidiary Lilium Mining for more than $300m (£236.79m). The deal consideration comprises upfront and deferred cash considerations, as well as net smelter return royalties (NSR). As per the deal, Endeavour …Web
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The Kiaka mine is located in the province of Zoudwéogo (chief town Manga), in the commune of Gogo. "Kiaka will be a long-life, low-cost gold project that will produce an average of 220,000oz of gold per year for 19 years from 2025," the release said. The same release, supported by a video, informs that construction work is underway on the ...Web
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August 4, 2021. The established West African gold mining jurisdiction of Burkina Faso, where 15 projects have progressed to production, will by Q3, 2022 add another gold producer to the list when TSXV-listed gold …Web
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Fortuna Silver Mines reports production of 93,454 gold equivalent ounces for the second quarter of 2023. July 12, 2023. Orezone Gold Reports Q2-2023 Gold Production from Bomboré Gold Mine. June ...Web
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Burkina Faso is a landlocked country in western Africa (Image: channelstv) In 2017, Burkina Faso produced $2.8 billion of gold, for which the government received approximately $300 million dollars. The remaining $2.5 billion was taken by international gold mining companies or was smuggled out of the country.Web
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About 60 people were killed and dozens more wounded on Monday in an explosion at an informal gold mining site in southwest Burkina Faso, state television reported, citing local officials.Web
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