Unhedged gold mining company West African Resources Limited today (April 5, 2023) provided an updated 10-year resource, reserve and production outlook for its Sanbrado gold operations and Kiaka project in Burkina Faso, with the following highlights:Successful exploration and targeted...
41,301 ounces of gold produced43,139 ounces of gold soldAverage selling price: 1,892 US$ per oz,Revenue generated: 81.6 million $ (49 billion FCFA)The mine went into production at the end of 2022Orezone Gold Corporation presented on 5 April 2023, the...
West African Resources (WAF), which operates the Sanbrado Mining Company (SOMISA SA), has just published its Sustainability Report 2022. The content of the report is divided into two parts, namely the state of play 2022 and the outlook 2023.State...
Glencore announced that it has proposed Teck Metals, a merger between the two companies, followed by a simultaneous demerger to create two separate companies in a statement issued on 3 April 2023. "The proposed transaction would create two stand-alone companies...
During the month of February 2023, Burkina Faso recorded an industrial production of fine gold of 5.408 tonnes. This production is up by 48.3% compared to January 2023 (3.647 tonnes of gold produced), according to data from the report...
"Very few companies publish information of public interest such as their annual turnover, the taxes they pay or their purchases from governments or public enterprises. One of the reasons given by companies for non-disclosure is that financial data of...
To give more opportunities to local companies and meet local content requirements Several modules developed during the trainingA training course that was appreciated by the participantsAs part of the implementation of local content, the Sanbrado Mining Company (SOMISA SA) organised...
This article was published in the RSE Mine Magazine issue N°04-05 Dec.2022 - Jan. 202 of the RSE Forum.The journal is available at this link: The new issue of RSE Mine Magazine is available | Mines Actu BurkinaHere is...
Including women in decision-making is essential to ensure that the extractive sector is managed in the interests of all citizens. On International Women's Rights Day earlier this month, we looked at some examples of how EITI countries are making...
According to Ecofin, the Democratic Republic of Congo, with its reputation as a geological scandal, accounts for about 70% of the world's cobalt supply. The country is home to the largest producers of the metal. Indeed, in 2022, the...
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