Illegal quarrying in Burkina Faso: repression after awareness-raising
Of the 82 quarrying sites inspected, 47 are in operation, 23 have been abandoned and 13 are nearing the end of their operations. These are the results of the campaign to identify illegal quarrying sites organised by the Quarries Department from 1 to 4 August and from 7 to 11 August 2023. This assessment was made on 14 August...
Local Development Mining Fund: Mali’s civil society draws inspiration from the example of Burkina Faso
A delegation from Malian civil society, which sits on the Steering Committee of Mali's Extractive Industries Transparency Initiative (EITI), is visiting Burkina Faso from 13 to 18 August 2023 on a study tour. Led by Abdoul Wahab Diakité, the delegation is seeking inspiration from Burkina Faso's experience with the Local Development Mining Fund (LDMF). The members of the delegation...
Endeavour Mining: A total of 60 billion FCFA for shareholders in the first semester of 2023
Endeavour Mining group produced 268,000 ounces of gold in the second trimester of 2023 at a production cost of 1,000 $/ounce. Production for the first semester of 2023 is estimated at 511,000 ounces with production costs of 978 $/oz. Endeavour Mining reports dividends of 100 million dollars (approximately 60 billion FCFA) for the first half of 2023. Endeavour Mining...
Burkina Faso: Securing artisanal mining sites remains a challenge
During the Artisanal Miners' Day (Journée de l’artisan minier - JAM) held in Gaoua in July 2023, Commander Dindané Philippe from the National Office for the Security of Mining Sites (Office National de Sécurisation des Sites Miniers - ONASSIM) led a panel discussion on the issue of security at artisanal mining sites. The theme of the panel was "Conflict...
Essakane mines: 38% increase in production costs due to the impact of the security situation on the supply chain
In addition to higher fuel and electricity costsProduction down 18% on the first trimesterLow grade, partially offset by higher throughputIn its financial report for the second trimester 2023Iamgold Corporation released its financial and operating results for the second trimester ended 30 June 2023 on 10 August 2023 in Toronto, Canada. Iamgold Corporation operates the Essakane mine in Burkina Faso.Rising...
Orezone Bomboré: Maintenance reduces plant production in second trimester 2023
Orezone Gold Corporation announced on 9 August 2023 in Vancouver, its operational and financial results to 30 June 2023.Patrick Downey, President and CEO, commented: "The Bomboré mine produced gold in another strong trimester, allowing the Company to reduce debt by a further 19.1 million dollars while maintaining a healthy cash balance. Grades were lower than modelled during the first...
Yaramoko mine in Burkina Faso: Access to underground mine blocked for 27 days
It paid a penalty of around 590 million FCFA on overproduction29,002 ounces of gold in the second trimester of 2023With an average grade of 6.51g/t,An increase of 18% compared with the same period in 2022Yaramoko records low gold production costsFuture production expected to be higherIn April 2023, access to the underground mine at Yaramoko, located in Bagassi, was disrupted...
Transformation of ANEEMAS into the National Precious Substances Company (Société nationale des substances précieuses – SONASP): What are the institutional implications?
Production, marketing and processing of gold by SONASPSupervision returns to the DGMG through DEMASOn 9 August 2023, the government approved the transformation of the National Agency for the Supervision of Artisanal and Semi-Mechanised Mining (Agence nationale d’encadrement des exploitations minières artisanales et semi-mécanisées - ANEEMAS) into the National Company for Precious Substances (SONASP).ANEEMAS was created by decree no. 2015-1420/PRES-TRANS/PM/...
2023 reforestation campaign at the SOMISA mine: site rehabilitation process underway
SOMISA (Sociétés des Mines de Sanbrado SA) launched its 2023 reforestation campaign at its Sanbrado facility in the commune of Boudri on 8 August 2023. The reforestation campaign is part of the company's plan to rehabilitate the plant cover on its site.On the sidelines of the final of the first edition of the SOMISA CEO Cup, SOMISA launched its...
Final of the SOMISA Mine CEO Cup: A competition to strengthen cohesion between communities and the mine
On Tuesday 8 August 2023, the final of the SOMISA (Société des Mines de Sanbrado SA) CEO Cup was held. The final was played on the site of the old camp at Sanbrado, in the commune of Boudri. The theme of the competition was "Social cohesion and environmental protection", and it was designed to bring together the surrounding communities...
