West Africa-focused Teranga Gold has reported total gold production of 404,460 ounces in 2020, exceeding its full year guidance for the fifth consecutive year. The TSX-listed miner produced a record 119,364 ounces of gold in the final quarter of the year, which contributed to a 40%...
AIM-listed miner Hummingbird Resources yesterday announced the acquisition of the Kouroussa Gold Project in Guinea from junior explorer Cassidy Gold Corp, expanding into a third West African country in the process. The Kouroussa Project is a near term development asset in Guinea’s prolific Siguiri Basin with...
Endeavour Mining announced yesterday that an employee at its Houndé mine in Burkina Faso tested positive for coronavirus on Saturday and was subsequently placed under quarantine. The employee experienced mild symptoms after arriving at the site from the UK, but didn’t show any symptoms on arrival...
Resolute Mining has signed a definitive agreement to sell the Ravenswood Gold Mine in Queensland for US$206.9 million, as the gold miner doubles down on its African portfolio. The Ravenswood mine will be acquired by a consortium comprised of a fund (EMR Fund) managed by EMR...
TSX-Listed Teranga Gold has reached an agreement with Barrick Gold Corporation for the acquisition of its 90% interest in the Massawa Gold Project in Senegal, in a transaction worth up to US$430 million. The deal consists of a $380 million upfront payment comprised of 20.72 million...
The government of Guinea has announced that Sycamore Mining will redevelop the Kiniero gold mine after the Cyprus-based investment firm made a winning bid for the past producing mine. “Sycamore’s was the winning bid, and we signed an outline agreement today,” said Abdoulaye Magassouba, Guinea’s minister...
The Australia-Africa Minerals and Energy Group (AAMEG) will form a crisis and security group for the West Africa region after employees of an Australian mining contractor were killed in Burkina Faso last week. The November 7 incident saw gunmen open fire on several buses transporting workers...
West African countries will drive the next gold mining boom in Africa as the industry continues to decline in Southern Africa, according to the continent’s largest asset manager Public Investment Corporation (PIC). Investor-friendly policies and low cost deposits in countries such as Ghana, Mali, Burkina Faso,...
AIM-listed Hummingbird Resources is on course to meet its annual gold production guidance after increasing production from the Yanfolila mine in Mali during the second quarter of the year. The company poured 27,466 ounces of gold from Yanfolila in Q2, up from 23,807 ounces in the...
Resolute Mining has announced the acquisition of fellow West African miner Toro Gold for a fee of US$274 million, expanding its West African portfolio into Senegal in the process. The deal will see ASX and LSE-listed Resolute take immediate control of Toro and its Mako Gold...