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Semafo mulls Savary Gold shares purchase

By: Simone Liedtke     11th February 2019 TSX-listed gold miner Semafo and TSX-V-listed Savary Gold have entered into a nonbinding letter of intent (LoI) contemplating the acquisition by Semafo of all the outstanding common shares of Savary. Under the terms of the LoI, all the issued and outstanding Savary shares will be exchanged on the... 

Semafo forecasts 68% production increase for 2019

By: Nadine James     8th February 2019 TSX-listed West Africa-focused gold miner Semafo produced 244 600 oz of gold at its Boungou and Mana mines, in Burkina Faso, in 2018 – in line with its guidance of producing 235 000 oz to 265 000 oz. The company achieved a consolidated all-in sustaining cost (AISC) of $951/oz for the year. 

Research shows West Africa is facing more frequent severe storms

By: Rebecca Campbell     1st February 2019 A multinational research consortium of British, French and West African institutes and scientists, funded by the UK Government, has ascertained that “mega storms” in West Africa occur three times more frequently today than they did 35 years ago. The results of the research are being applied to... 

Endeavour lifts 2019 guidance after strong 2018 performance

By: Marleny Arnoldi     24th January 2019 TSX-listed Endeavour Mining achieved a 52% increase in production to 612 000 oz of gold for 2018, beating the top end of its guidance of 555 000 oz to 590 000 oz. The company also reduced its all-in sustaining cost (AISC) by about $30/oz to $745/oz, which is below the guidance range of $760/oz... 

Roxgold ups 2019 guidance on back of strong 2018 gold production

By: Marleny Arnoldi     22nd January 2019 TSX-listed Roxgold expects to produce between 145 000 oz and 155 000 oz gold in 2019, at an all-in sustaining cost of between $765oz and $795/oz. The company produced 132 656 oz in 2018, exceeding its revised guidance of between 120 000 oz and 130 000 oz.  

Drill programme at Dangou area delivers promising results for Semafo

By: Simone Liedtke     21st January 2019 A fourth-quarter drill programme returned promising results from three sectors, including 19 m at 4.17 g/t gold from 42 m, at Canada-based mining company Semafo’s Dangou area, located northeast of the company’s Boungou mine, in Burkina Faso. A total of 5 210 m of drilling were completed in the... 

Trevali’s African operations deliver strong FY18 performance

By: Tasneem Bulbulia     18th January 2019 Trevali Mining, in its first full year of operating in Africa, increased production at both Perkoa, in Burkina Faso, and Rosh Pinah, in Namibia, over 2017 levels. “Despite challenges faced at Caribou, [in Canada], Trevali produced 407-million pounds of payable zinc in 2018, in-line with our... 

Geologist of Canadian/Aussie JV project murdered in Burkina Faso

By: Esmarie Iannucci     18th January 2019 ASX-listed Predictive Discovery has announced the death of a senior employee of its Canadian joint venture (JV) partner, Progress Minerals, at the Progress JV in Burkina Faso. Canadian geologist Kirk Woodman was kidnapped from an exploration camp in Burkina Faso on January 15, and his body was... 

Avesoro lifts FY18 output by 15% y/y, progresses New Liberty undergound PFS

By: Marleny Arnoldi     17th January 2019 TSX- and Aim-listed gold producer Avesoro Resources exceeded its 2018 full year guidance, with 220 458 oz of gold produced from its New Liberty mine, in Liberia, and the Youga mine, in Burkina Faso. Avesoro’s yearly production increased by 15% compared with 2017, with a 44% year-on-year... 

Iamgold meets guidance, says Cote decision expected in Q1

By: Mariaan Webb     17th January 2019 Midtier miner Iamgold produced 231 000 oz in the fourth quarter of 2018, bringing the year’s production to 882 000 oz, comfortably meeting its guidance of 850 000 oz to 900 000 oz. In a preliminary production announcement, the company said on Wednesday that it had a record production year at its... 

Semafo meets FY18 output guidance

By: Tasneem Bulbulia     10th January 2019 Canada-based mining company Semafo produced 244 600 oz of gold in 2018 – in line with guidance of 235 000 oz to 265 000 oz. The company, which operates in West Africa, achieved fourth-quarter production of 95 200 oz of gold, owing to a first full quarter of production at the Boungou mine, in... 

Iamgold adding low-cost marginal ounces with quick return projects

By: Mariaan Webb     21st December 2018 Canadian miner Iamgold will have two new plants, both low-capital, short payback period projects, fully operational next month, recovering at least an additional 7 000 oz/y from its operations in Suriname and Burkina Faso. At the Rosebel mine, in Suriname, the company has completed the... 

Iamgold says growth projects robust as third-quarter output slips

By: Mariaan Webb     7th November 2018 Canada-based Iamgold has a robust pipeline of development projects and is looking to bolster its credit facility to facilitate its growth strategy, president and CEO Steve Letwin said on Tuesday, after reporting lower third-quarter production and revenue. The company, which operates mines in the... 

AfDB to institute climate risk management programme for African countries

By: Tasneem Bulbulia     30th October 2018 The African Development Bank (AfDB) has approved the Africa Disaster Risks Financing (ADRiFi) programme – the institution’s first climate risk management programme aimed at boosting resilience and responding to climate shocks in regional member countries. The initial phase is expected to run from... 

Industry growth demands maintenance skills

By: Tracy Hancock     26th October 2018 With the growth in wind energy utilities, the demand to install, repair and maintain such facilities in Africa, including South Africa, is on the rise, says Knowledge Pele (KP) Academy head Richard Setati. He tells Engineering News that many reports and commentators attest to the overall growth... 

Trevali lowers Caribou mine guidance

By: Mariaan Webb     23rd October 2018 TSX-listed Trevali Mining has lowered its zinc and lead production guidance for the Caribou mine in Bathurst, New Brunswick, but the company remains on track to achieve its consolidated zinc production guidance. The Caribou mine’s zinc guidance has been lowered from a range of 86-million to... 

Pollutec 2018 shines the spotlight on Burkina Faso

By: Tasneem Bulbulia     23rd October 2018 Pollutec 2018, which will mark the fortieth anniversary of this international environmental trade show, is set to cover 14 key industry sectors, and focus keenly on Africa – notably Burkina Faso – as well as other key regions, such as South America and South-East Asia. Pollutec has featured an... 

Avesoro on track to convert 1Moz from resources to reserves

By: Marleny Arnoldi     10th October 2018 TSX- and Aim-listed Avesoro Resources has reported positive drill results from its Ouaré and Gassore West deposits, and the discovery of two mineralised vein systems that are 1.5 km east of the company’s Youga gold processing plant, in Burkina Faso. Avesoro aims to convert 1-million ounces of... 

Avesoro’s Q3 production in line with expectations

By: Tasneem Bulbulia     9th October 2018 West African gold producer Avesoro Resources produced 47 177 oz of gold from its New Liberty mine, in Liberia, and its Youga gold mine, in Burkina Faso, in the quarter ended September 30, bringing year-to-date gold production to 175 496 oz. Ore mining rates increased at both New Liberty and Youga... 

Boss sells Burkina Faso project stakes to JV partner Teranga

By: Esmarie Iannucci     3rd October 2018 Uranium developer Boss Resources has struck a A$10-million deal with its joint venture partner Teranga Gold to divest of its interest in the Golden Hill and Gourma projects, in Burkina Faso. Under the terms of the transaction, Boss will sell its shares in Boss Minerals and Askia gold, which... 

Struggling Avocet says it has sufficient funding to continue operating for 12 months

By: Marleny Arnoldi     1st October 2018 Aim-listed struggling gold miner Avocet Mining, amid company refinancing and restructuring, says it has sufficient funds for at least the next 12 months at the current and expected rate of spending. In the six months ended June 30, Avocet sold its subsidiaries in Burkina Faso, as well as its... 

Orange, MainOne team up in submarine cable expansion

By: Natasha Odendaal     28th September 2018 French telecommunications group Orange and connectivity and data centre services provider MainOne Cable have signed an agreement that will see Orange inject undisclosed major investments into the West African submarine cable system MainOne. Under the partnership, Orange will acquire additional... 

Illegal blockade temporarily halts Trevali’s Peru mine

By: Creamer Media Reporter      26th September 2018 Operations at the Santander zinc mine, in Peru, have been temporarily halted, owing to an illegal blockade by a group of community members claiming that the company has failed to satisfy its investment obligations. The blockade had stopped the delivery of scheduled supplies to the mine,... 

Aveng reports strong market interest in most of its noncore assets 

By: Terence Creamer     26th September 2018 Following a series of capital markets transactions, which have helped stabilise Aveng’s precarious balance sheet, the JSE-listed infrastructure group has turned its attention to the disposal, by June 2019, of several noncore businesses, including its well-known construction business,... 

Trevali refinances credit facility

By: Creamer Media Reporter      19th September 2018 Zinc miner Trevali has refinanced its credit facility and managed to secure an improved pricing, which should save the miner up to $5-million over a four-year term, it announced on Wednesday. Trevali entered into an amended and restated credit agreement with a syndicate of lenders for a... 

Nordgold launches new Russia mine

By: Mariaan Webb     13th September 2018 Gold miner Nordgold has formally launched its third mine – the new Gross operation in Yakutia, Russia, which will turn the company into an one-million-ounce a year producer. The Gross mine will operate for 17 years and is expected to add 200 000 oz/y of to Nordgold’s production profile. 

Mali's Keita names new defence and mines ministers for second term

By: Reuters     10th September 2018 Malian President Ibrahim Boubacar Keita named new defence, mines and foreign ministers on Sunday as he began his second five-year term presiding over a country ravaged by jihadist and inter-ethnic violence. Keita was sworn in last week after winning a landslide re-election despite escalating... 

Semafo’s Boungou achieves commercial production

By: Creamer Media Reporter      6th September 2018 The Boungou gold mine in Burkina Faso achieved commercial production on September 1, Canada-based miner Semafo reported this week. Commercial production was declared when operations reached the internal commercial production measure of 30 consecutive days of mill throughput at 75% of nominal... 

Sanbrado financing to be in place by year-end

By: Esmarie Iannucci     29th August 2018 Gold developer West African Resources will secure financing for its 90%-owned Sanbrado gold project, in Burkina Faso, by the fourth quarter of this year, with first gold pour targeted for the back-end of 2020. Speaking at the first day of the Africa Downunder conference, West African MD Richard... 

Nordgold production to pick up in H2 as Gross mine comes on stream

By: Marleny Arnoldi     28th August 2018 Gold producer Nordgold expects to pour first gold at its Gross mine, in Russia, before the end of September, which will have a positive impact on the company’s production for the second half of this year, enabling it to comfortably reach its million-ounce target. Gross is expected to mine and... 

Semafo implements new transport measures for expats in Burkina Faso

By: Simone Liedtke     20th August 2018 Following two armed incidents at TSX-listed gold mining company Semafo’s Mana and Boungou mines, in Burkina Faso, which claimed the lives of eight people in the last two weeks, the company is now transporting all expatriate employees to the mine sites by helicopter. In addition, a ground military... 

Plateau Energy Metals appoints CEO

By: Creamer Media Reporter      20th August 2018 Canadian lithium and uranium exploration company Plateau Energy Metals, which is advancing projects in the Macusani Plateau in south-eastern Peru, has a new CEO. The company announced on Monday that its board had appointed Alex Holmes, who most recently was a partner and cofounder of Oxygen... 

Semafo reports two more deaths in restive Burkina Faso

By: Schalk Burger     17th August 2018 TSX-listed West Africa-focused gold exploration and production company Semafo on Friday reported that a bus transporting employees from the town of Bobo-Dioulasso to the Mana mine, in Burkina Faso, had been shot at by armed bandits on Friday morning. One Semafo national employee and one... 

Stratex proposes name change

By: Anine Kilian     16th August 2018 Aim-listed Stratex International is proposing to change its name to Oriole Resources. The proposed change reflects a repositioning of the company following the appointment of new CEO Tim Livesey and CFO Bob Smeeton earlier this year and a refocusing of the group's activities on early-stage... 

Roxgold says 2018 output may be at upper-end of guidance

By: Anine Kilian     15th August 2018 Burkina Faso-focused Roxgold has delivered strong second-quarter production and cash flow results, standing the company in good stead to achieve the upper end of its 2018 production guidance. For the three months to June 30, TSX-listed Roxgold achieved gold production of 35 828 oz of gold,... 

Six killed in armed incident near Semafo’s Boungou mine

By: Simone Liedtke     14th August 2018 West Africa-focused Canadian mining company Semafo on Monday reported that five gendarmes and one subcontractor employee had lost their lives in an armed incident that occurred between the town of Fada and the Boungou mine site, in the Est region of Burkina Faso. While operations at the Boungou... 

Avesoro’s interim Ebitda, revenue rise

By: Simone Liedtke     13th August 2018 TSX- and Aim-listed Avesoro Resources has reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $64.6-million for the six months ended June 30, compared with Ebitda of $1.1-million reported for the first half of the 2017 financial year. With a 318% year-on-year... 

Trevali lifts Q2 zinc output

By: Simone Liedtke     10th August 2018 TSX-listed Trevali Mining saw achieved higher zinc production in the second quarter, ended June 30, and remains on track to achieve its full-year production and cost guidance, president and CEO Dr Mark Cruise said on Friday. Production guidance for the year remains unchanged at 400-million to... 

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