TSXV-listed exploration firm Roscan Gold has further expanded its land package at the Kandiolé Project in Mali by acquiring the permit to the immediate West of the Segondo West Permit. The new permit – Bantanko East – adds 55 km2 of prospective ground to the total...
Endeavour Mining has underlined its prospects for organic growth after completing a positive pre-feasibility study (PFS) for its two most advanced gold projects in West Africa. The Fetekro project in Côte d'Ivoire has the potential to be a future cornerstone mine for Endeavour, the company said,...
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,...