R/€ = 16.45 Change: -0.04
R/$ = 13.88 Change: 0.09
Au 1291.99 $/oz Change: 1.03
Pt 935.50 $/oz Change: -3.50


Funding made available to advance Burkina Faso solar project

By: Megan van Wyngaardt     22nd November 2017 The Banque Internationale pour le Commerce, l’Industrie et l’Artisanat du Burkina (BICIAB), a BNP Paribas Group subsidiary, will provide $16.5-million in financing to Eren Renewable Energy for a 15 MW solar power plant that is under construction in Burkina Faso. The funding was granted to... 

Endeavour expands mineralised zones at key Burkina Faso mines

By: Henry Lazenby     14th November 2017 West Africa-focused gold producer Endeavour Mining has expanded the mineralised trends at both its Houndé and Karma gold mines, in Burkina Faso, the company announced on Monday. At its flagship Houndé operation, which declared commercial production ahead of schedule and below budget on November... 

Semafo’s profit wanes on lower output

By: Henry Lazenby     10th November 2017 West Africa-focused gold miner and regional explorer Semafo has reported a 44% drop in headline profit during the third quarter ended September, as the new mine plan for its Siou operation, in Burkina Faso, delivered fewer gold ounces to sell, the company reported on Thursday. Adjusted net income... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bagassi South feasibility study adds 40% more gold ounces to Roxgold's Yaramoko project

By: Henry Lazenby     7th November 2017 A new feasibility study on Roxgold's Bagassi South project, which is located on the TSX-quoted company's Yaramoko concession, in the Houndé greenstone region of Burkina Faso, has outlined the potential to lift the Yaramoko project's expected gold output by 150 000 oz/y. The 40% increase in output... 

Endeavour starts commercial production at Houndé

By: Anine Kilian     31st October 2017 Endeavour Mining has completed the development of its Houndé project, in Burkina Faso, with commercial production declared more than two months ahead of schedule and $15-million below its initial capital budget. "We are extremely proud to declare commercial production ahead of schedule, below... 

Avesoro to acquire two gold mines in Burkina Faso

By: Anine Kilian     31st October 2017 Dual-listed Avesoro Resources, which owns the New Liberty gold mine, in Liberia, will acquire two gold mines in Burkina Faso. The transaction includes the acquisition of MNG Gold Burkina, Cayman Burkina Mines, MNG Gold Exploration, AAA Exploration Burkina and Jersey Netiana Mining and their... 

West African increases Sanbrado resource

By: Esmarie Swanepoel     30th October 2017 Gold developer West African Resources has reported a 105% increase in ounces at the M1 South deposit at its Sanbrado gold project, in Burkina Faso. West African on Monday reported that the M1 South deposit is now estimated to host 1.2-million tonnes of ore, grading 14.4 g/t gold for 556 000 oz... 

Predictive raises cash for African exploration

By: Esmarie Swanepoel     26th October 2017 ASX-listed Predictive Discovery has announced an 8-for-21 renounceable rights issue aimed at raising some A$2.6-million. The rights issue will be undertaken at a price of 4.2c a share, which represented a discount of 34% to Predictive’s 30-day volume weighted average share price. 

Trevali stock trades lower on production miss

By: Henry Lazenby     18th October 2017 The value of the recent acquisition of two African zinc assets from mining major Glencore is evident in zinc-focused miner Trevali Mining latest operating results, which it published on Monday, accounting for about 65% of output. However, the company’s TSX-listed equity on Tuesday fell as much as... 

Manufacturer strives to meet industry demands

By: Nica Schreuder     6th October 2017 With demand for pump efficiency prevalent in the past five to ten years, industrial equipment supplier Rand Transmission South Africa (SA) has changed and aligned its product range to meet market requirements and demands. Despite Rand Transmission South Africa’s products only accounting for... 

Anneke Grond

     6th October 2017 This week we feature Anneke Grond, MD of Jasco Enterprise, which delivers end-to-end solutions across the entire information and communication technology value chain   

Avocet swings to H1 loss

By: Anine Kilian     2nd October 2017 Aim-listed Avocet Mining posted a net loss of $5.48-million for the six months to June 30, compared with a profit of $3.81-million in the first half of 2016. Revenues fell by 49% year-on-year to $26.40-million, while gold sales halved to 21 377 oz. 

Endeavour runs first ore through new Houndé mill

By: Henry Lazenby     26th September 2017 TSX-listed gold miner Endeavour Mining has started wet commissioning of the new Houndé gold project, in Burkina Faso, with the first ore making its way through the milling circuit, the company advised on Monday. The London, UK-based miner said construction of the $281-million project is... 

Zinc darling Trevali poised for further organic, M&A growth as prices climb

By: Henry Lazenby     22nd September 2017 Following the recent $400-million acquisition of a portfolio of zinc assets from mining major Glencore, Vancouver-headquartered Trevali Mining has become the go-to investment vehicle for investors keen to get in on rising zinc prices. Supported by strong fundamentals, including a growing supply... 

Roxgold lifts FY guidance 9%

By: Henry Lazenby     21st September 2017 TSX-listed issuer Roxgold has increased its full-year guidance by nearly 9% to a range of between 115 000 oz and 125 000 oz of gold, compared with the previous guidance of 105 000 oz to 115 000 oz. The Toronto-based company, which operates its flagship Yaramoko gold mine, in the Houndé greenstone... 

Vital raises A$2m to advance Watershed work

By: Esmarie Swanepoel     15th September 2017 ASX-listed junior Vital Metals has raised A$2-million through a share placement to progress its Watershed tungsten project, in Queensland. The company will issue 263.9-million new shares, at 75c each, to professional and sophisticated investors, under its current placement capacity. 

Predictive and Progress team up in Burkina Faso

By: Esmarie Swanepoel     15th September 2017 ASX-listed junior Predictive Discovery has signed a joint venture (JV) agreement with Canada’s Progress Minerals over its exploration permits in Burkina Faso. Predictive’s current tenement holdings in Burkina Faso cover some 100 km of strike length on the Samira Hill greenstone belt, with the... 

Flsmidth Goes Local In Ghana With New Office Opening

     11th September 2017 FLSmidth is further entrenching its Africa footprint with the opening of a new subsidiary company in Accra, the capital of Ghana. According to Deon de Kock, FLSmidth country head in South Africa and vice president in Sub-Saharan Africa, the move has been made in response to the company’s critical... 

Banfora gold project to lift Teranga output by 50%

By: Esmarie Swanepoel     8th September 2017 The Banfora gold project, in Burkina Faso, is expected to require a capital investment of $232-million, ASX- and TSX-listed Teranga Gold reported on Friday. A feasibility study (FS) found that Banfora could deliver an average of 119 000 oz/y of gold over a nine-year mine life, at an average... 

Avocet shares fall 26% as it considers options for SMB subsidiary

By: Anine Kilian     4th September 2017 The share price of LSE-listed Avocet Mining fell by 26% on Monday morning, after the company announced that it was considering filing for insolvency of its Société des Mines de Bélahouro (SMB) subsidiary, which operates the Inata gold mine, in Burkina Faso. This follows after a standstill... 

Glencore sells zinc mines to Trevali for $400m

By: Schalk Burger     1st September 2017 Global diversified mining company Glencore has sold its 80% stake of the Rosh Pinah mine, and its 39% interest in the Gergarub project, both in Namibia, as well as its 90% stake of the Perkoa mine, in Burkina Faso, to zinc-focused base metals miner Trevali Mining Corporation for a total... 

Necsa says second reactor would strengthen Pelindaba’s global nuclear medicine position

By: Keith Campbell     1st September 2017 The worldwide nuclear medicine market in 2016 was worth more than $11-billion and is projected to be worth almost $20-billion by 2021. The South African Nuclear Energy Corporation (Necsa), through its use of its Safari-1 research reactor and its subsidiary company, NTP Radioisotopes, is one of... 

Necsa says second reactor would strengthen Pelindaba’s global nuclear medicine position

By: Keith Campbell     1st September 2017 The worldwide nuclear medicine market in 2016 was worth more than $11-billion and is projected to be worth almost $20-billion by 2021. The South African Nuclear Energy Corporation (Necsa), through its use of its SAFARI-1 research reactor and its subsidiary company NTP Radioisotopes, is one of... 

Savary discovers three new zones, extends known gold zones at Karankasso JV project

By: Henry Lazenby     22nd August 2017 Canadian explorer Savary Gold has discovered three new gold zones at its flagship Karankasso joint venture (JV) gold project, in south-western Burkina Faso, while the latest drilling programme has also extended the known mineralised zones. The TSX-V-listed company, which owns a 69.5% stake in the... 

Avesoro maintains positive Ebitda into Q2

By: Natasha Odendaal     11th August 2017 TSX- and Aim-listed Avesoro Resources has achieved positive earnings before interest, taxes, depreciation and amortisation (Ebitda) for the second consecutive quarter. Ebitda reached $900 000 for the quarter ended June 30, after the company achieved positive Ebitda for the first time during the... 

Endeavour sells Ghana gold mine for $65m

By: Esmarie Swanepoel     10th August 2017 West Africa-focused miner Endeavour Mining will sell its 90% stake in the Nzema gold mine, in Ghana, to private contract miner BCM International for $65-million. CEO Sebastien de Montessus said on Wednesday that the sale enabled Endeavour to sharpen its focus on its long-life low-cost operations,... 

Semafo rallies as Siou grade control trends back on track

By: Henry Lazenby     9th August 2017 Canadian gold producer Semafo on Wednesday rallied strongly in Toronto after it confirmed its revised production guidance for the year, on the back of grade stabilisation at the Siou satellite pit of the Mana mine, in Burkina Faso. The West Africa-focused miner reiterates its 2017 outlook of... 

Sarama completes C$1.85m private placement

By: Natasha Odendaal     7th August 2017 TSX-V-listed Sarama Resources last week announced the completion of its C$1.85-million private placement. Sarama issued 10.27-million common shares to raise proceeds to advance resource exploration of properties in Burkina Faso, and for general working capital purposes. 

Endeavour confident of reaching FY production, cost targets; Houndé construction on track

By: Creamer Media Reporter      2nd August 2017 West Africa-focused Endeavour Mining produced 310 923 oz of gold in the first six months of this year, a 19% year-on-year increase, mainly as a result of increased output at the Karma mine, in Burkina Faso, and asset optimisation work undertaken at the Tabakoto mine, in Mali, and the Nzema mine... 

Glencore’s half-year showing prompts analyst gusto

By: Martin Creamer     27th July 2017 Thursday’s half-year production report from diversified mining and marketing company Glencore, which is seen as offering particular leverage to copper and zinc’s currently attractive fundamentals, elicited favourable analyst comment. “Glencore remains our sector top pick,” Barclays Equity... 

Trevali on target with African asset acquisitions as zinc output rises

By: Henry Lazenby     25th July 2017 Trevali Mining's addition of two new African mines paid off in the zinc producer's pro-forma second-quarter results, which showed that 63% of the company's zinc-equivalent payable pounds were contributed from Rosh Pinah (Namibia) and Perkoa (Burkina Faso). Trevali is acquiring both assets from... 

Sarama a step closer to receiving title to key Burkina Faso-based Bondi project

By: Henry Lazenby     21st July 2017 TSX-V-listed Sarama Resources on Thursday announced that the Burkina Faso Ministry of Mines and Quarries has issued an invoice, and Sarama has paid, for the transfer of the Djarkadougou exploration permit, which is host to the Bondi deposit. It is a critical part of Sarama’s growth strategy in... 

Teranga reports record quarter

By: Esmarie Swanepoel     14th July 2017 ASX- and TSX-listed gold miner Teranga Gold has reported record gold production for the second quarter ended June, from its Sabodala mine, in Senegal. During the June quarter, the mine produced 57 557 oz of gold, taking the first-half production to 114 460 oz. 

Nexus works to expand Burkina Faso landholding

By: Creamer Media Reporter      12th July 2017 TSX-V- and Frankfurt Stock Exchange-listed Nexus Gold has entered into a letter of intent (LoI) with Belemyida to acquire the right to earn up to a 100% interest in the Rakounga gold property, which is adjacent to its Bouboulou project, in Burkina Faso. The 250 km2 Rakounga property borders... 

Britain to keep preferential access for poor countries, post-Brexit

By: Keith Campbell     7th July 2017 The British Government has publicly committed itself to maintaining duty-free access to British markets for the world’s least-developed countries (LDCs, as defined by the United Nations) following the UK’s departure from the European Union (EU). London further expressed a desire to increase trade... 

Semafo’s Q2 output slumps as it grapples with grade control at Mana

By: Henry Lazenby     6th July 2017 West Africa-focused gold producer Semafo reported lower gold output for the second quarter ended June, as grade control issues at the Siou satellite deposit of the company's flagship Mana mine, in Burkina Faso, impacted on output. Montreal, Quebec-based Semafo produced 47 600 oz of gold for the... 

Endeavour Mining appoints new COO

By: Megan van Wyngaardt     6th July 2017 TSX-listed gold miner Endeavour Mining has appointed Jeremy Langford COO, effective July 17. Currently Endeavour projects and technical services group VP, Langford will succeed Attie Roux, who is retiring after seven years with the company. 

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