Turkish mine operator and exporter Hacıoğlu Gold Mining is set to invest US$200 million across three countries in West Africa - a region that CEO Yasin Hacıoğlu describes as ‘one of the most important globally’ in the gold sector. Ghana, Burkina Faso and Mali will produce...
Endeavour Mining has published its 2021 sustainability report in accordance with a number of international frameworks including GRI, SASB, TCFD and UN Global Compact. The West African gold producer said that it was a strong year for ESG performance, as indicated by a number of measurable...
Endeavour Mining has today reported a 14% revenue rise to US$686 million in the first quarter of the year (compared with Q1 2021), following a strong operational performance since the new year. The company, which operates a number of gold mines across West Africa, increased its...
West African mining services firm Geodrill has released its financial results for the three and 12 months ending December 2021, which included a 40% year-on-year revenue increase to US$115.2 million for the year. The TSX company also increased net income to $14.1 million or $0.31 per share,...
Leading West Africa-based drilling company Geodrill has been awarded ‘significant multi-rig, long-term’ drilling contracts with mid-tier gold producer Perseus Mining. The contracts with Perseus will involve exploration drilling in Ghana and Côte d'Ivoire, with up to 15 rigs from Geodrill’s existing fleet to be utilised. ASX and TSX-listed Perseus...
The Ford Foundation will contribute US$3 million towards the launch of the Extractive Industry and Climate Change Governance Fund – an initiative promoting more equitable governance of natural resources in West Africa. The five-year programme is hosted by the Africa Centre for Energy Policy and will...
ASX-listed junior Mako Gold has has secured a second drill rig to accelerate exploration efforts at its flagship Napié Project in Côte d’Ivoire. The company has resumed drilling high priority targets at the Gogbala Prospect, while the second drill rig is being mobilised for diamond drilling...
African gold producing giant Endeavour Mining has set an 'ambitious' target to discover 15-20 million indicated ounces of gold from its projects across West Africa over the next five years. The company, which recently listed in London to complement its primary listing on the TSX, has...
Perseus Mining has reported its financial results for the year ending June 2021, which have indicated that it has made significant progress towards achieving the goal of becoming a multi-mine, multi-jurisdiction gold producer. The ASX and TSX-listed firm made a net profit after tax of US$139.4...
Endeavour Mining has reported record figures in its second quarter 2021 financial and operating results, amid the African gold producing giant’s recent premium listing on the London Stock Exchange. Operating cash flow before working capital for Q2 was US$286 million, compared to $263 million in the...