The mine accounted for almost 30% of the 1.1 million ounces of gold produced by Endeavour last year, according to company data. Output at Hounde is expected to drop 7% to 290,000 ounces in 2024.
Earlier this month Endeavour Mining's 90%-owned Houndé project in Burkina Faso entered the construction phase of its development while True Gold poured first gold at its Karma mine, also in Burkina Faso.
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...
True Gold Mining Inc. is pleased to report that large-diameter metallurgical core drilling at the Company's flagship Karma Gold Project in Burkina Faso has returned broad...
FILE - Informal gold miners are seen taking a break from work under the midday sun at an artisanal mining site near Dano, southern Burkina Faso, May 5, 2020.
True Gold's new CEO Christian Milau has a background as an executive with Endeavour Mining, which has brought mines into production in West Africa (including Burkina …
A decade ago, Burkina Faso was better known for the cotton it grows than the gold it mines, but since then a gold rush has transformed it into one of Africa's hottest destinations for frontier ...
TrueGold Mining Inc., formerly Riverstone Resources Inc., is a mineral exploration company focused on exploring and developing gold projects in West Africa. …
Burkina Faso's Mining Code (Article 15) mandates the publication of mining contracts or agreements in the government's official journal. ... given the significance of ASM's contribution to Burkina Faso's total gold export levels. The 2020 EITI Report documents total export volumes and the value of exports by commodity. This information ...
Burkina Faso did not award a mining permit to Nordgold because it is a Russian company, its mines minister told Reuters on Sunday, rebuffing Western concerns that the ruling junta is seeking ...
Burkina Faso – True Gold Mining, the TSX-V listed gold junior has resumed activity at its 97 000 ozpa Karma gold project in Burkina Faso. The company expects to pour first gold at Karma in March 2016 as opposed to Q4, 2015 after contending with an onsite labour dispute which saw major damage to major items.
Canadian-based Endeavour Mining has signed an agreement to acquire True Gold Mining in a transaction valued at C$191m ($143m). Through the acquisition, Endeavour will get access to True Gold's Karma gold mine in Burkina Faso.
An Endeavour Mining Plc unit filed a lawsuit in a bid to end a strike in Burkina Faso that's disrupted operations at the company's second-biggest gold mine.
Our primary objective is to minimize potential environmental impacts throughout the lifecycle of our mines, from discovery through to post-closure, and to ensure the environment is maintained and enhanced for current and future generations of …
Attackers raided the Karma industrial gold mine in northern Burkina Faso in the early hours of Thursday morning, killing one soldier and one mine employee, the company said.
True Gold Mining Inc. has strengthened the Company's team in Burkina Faso, West Africa to advance construction planning and site preparation at the Karma Gold Project . Peter...
A spokesperson for Endeavour Mining Plc, Burkina Faso's largest gold producer, declined to comment. Miners in the country, including Iamgold Corp. and Nord Gold SE, are faced with a constantly ...
Russia's mining firm Nordgold has closed its Taparko mine in Burkina Faso and declared force majeure over security concerns in the country.
The Karma gold project is located in Burkina Faso, West Africa. In 2007, True Gold Mining (formerly "Riverstone Resources Inc.") acquired the Goulagou and Rounga properties from Golden Star Resources Ltd., …
Artisanal gold mining (AGM) plays an important role in the economic development of Burkina Faso with over 2 million people directly or indirectly engaged in the activity in over 800 sites. This study explores the emergence of AGM and its environmental, social, and economic impacts in the Hounde district of Burkina Faso.
TrueGold Mining (CVE:TGM) jumped more 6% on Monday on heavy volumes, after announcing strong results from step-out drilling at its Karma Gold Project's Nami deposit in Burkina Faso.
True Gold Mining has been granted an exploitation permit for the development of the Karma Gold project in Burkina Faso, West Africa. The permit was …
Complete list of Burkina Faso mining companies as well as stock quotes and recent news.
VANCOUVER, B.C. - True Gold Mining Inc. (TSX-V; TGM) ("True Gold" or the "Company") is pleased to announce that a recently completed exploration program …
Burkina Faso – True Gold Mining, the TSX-V listed gold junior, has drawn down an additional $14 million of the $100 million financing from Franco-Nevada and …
Artisanal and small-scale gold mining (ASGM) has become part of the livelihood strategy for a large section of the rural population in Burkina Faso. I…
The Vancouver-based company said it is on track to pour its first gold at the mine in the first quarter of 2016.
Gold in Africa is attracting attention. Here's a look at companies that are currently mining gold in Ghana, Mali and Burkina Faso.
Inata Gold Mine: The Inata Gold Mine is 90% owned by Avocet and 10% owned by the Government of Burkina Faso. The mining code of Burkina Faso entitles the state to a 10% ownership of a mining operation on a free carry basis. Avocet acquired its interest in Inata through its acquisition of Wega Mining in June 2009.
The agreement gives Endeavour control over a low-cost gold mine in Burkina Faso about to pour its first gold within a matter of weeks. The acquisition would increase Endeavour's gold...
True Gold just recently announced that mining has commenced at the Goulagou II deposit at its Karma Gold Mine in Burkina Faso.