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Major Mines & Projects | Boungou Mine

The remaining 10% interest in Semafo Boungou SA is held by the State of Burkina Faso. 27 August 2024 – Endeavour Mining plc and Lilium Gold are pleased to announce that they have signed a settlement agreement, involving the State of Burkina Faso ("the State"), in respect of the divestment of the Boungou and Wahgnion mines.

True Gold injects $14 million to its Karma gold project in Burkina Faso

West Africa-focused True Gold Mining (CVE:TGM), which is building the $131.5 million Karma gold project in Burkina Faso, has drawn down an additional $14 million of the $100 million stream ...

Burkina Faso nationalises two gold mines mired in legal …

Burkina Faso has struck a deal to nationalise two gold mines for about $80mn that London-listed Endeavour Mining agreed last year to sell to Lilium Mining for more than $300mn.

Gold mining companies scramble for answers after Burkina …

GOLD mining companies scrambled for answers today after Burkina Faso's military leader announced plans to withdraw some foreign mining permits and increase domestic gold …

True Gold Mining Inc Mining News

True Gold Mining (TSXV: TGM; US-OTC: RVREF) is on track to pour the first gold at its Karma project in Burkina Faso in late 2015, with the mine plan envisioning five open pits that will be developed in sequence to feed a heap-leach operation…

Burkina Faso nationalises two gold mines mired in legal …

Burkina Faso has struck a deal to nationalise two gold mines for about $80mn that London-listed Endeavour Mining agreed last year to sell to Lilium Mining for more than …

Avocet Mining PLC | Operations | Burkina Faso

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 mine was commissioned that year …

True Gold wins environmental permit for Karma project in Burkina

True Gold Mining has been granted an environmental permit by the Burkina Faso Ministry of Environment and Sustainable Development, for the development of the Kao deposit at its Karma Gold project. The permit includes approval for the Kao environmental and social impact assessment and relocation action plan and advances True Gold's application ...

Burkina Faso Has Resources To Mine Its Own Gold, Says …

Burkina Faso has the resources and skills to mine its gold without relying on multinational companies, President Ibrahim Traoré said on Saturday while addressing the citizens — West Africa Weekly. Burkina Faso's President, Ibrahim Traoré revealed on Saturday that the country has the resources and skills to mine its gold without relying on ...

Vancouver junior jumps after bulking up West Africa project

Preliminary assessment of one-year old blind gold discovery at True Gold's Karma property adds $118m in after-tax free cash flow to Burkina Faso project. Vancouver junior jumps after bulking up ...

Burkina Faso True Gold presses ahead at Karma with Auramet

With a leg-up from Auramet International, the Canadian firm True Gold Mining is to inject $10 million into its flagship, 90% owned project at Karma in the north of Burkina Faso. Production is due to begin in April. True Gold resumed work at Karma last May after a dispute with local inhabitants gave rise to major damage to both equipment and the mine itself (the bill …

Burkina Mining Services

Welcome To Burkina Mining Services. Mining and minerals sector services from BMS: Delivering competitive advantage for you. In a world of technology advancement, increasing regulation and fluctuating markets, exploration and mining face more complex challenges than ever before.To help you meet these challenges, BMS offers an extensive range of ...

Burkina Faso uprising: what are the risks for gold miners?

In Burkina Faso, protesters wanting ... Orezone Gold Corp. fell 28% in the same timeframe and kept going lower. 2 Orbis Gold Ltd. fell 23%. 3 SEMAFO Inc. fell 28%. 4 True Gold Mining Inc. also ...

Burkina Faso political upheaval affects Canadian miners

Overnight, Burkina Faso has gone from one of the more promising destinations for gold mining and exploration companies like Vancouver's True Gold Mining Inc. (TSX-V:TGM) and B2Gold Corp. (TSX ...

In West Africa, Canadian mining firms come up against bloc …

For its part, Vancouver-based Fortuna Mining claims that its investments in Burkina Faso are safe. The AES may enjoy wide popular support, but it faces many challenges. Burkina Faso's leadership claims to have thwarted four coup attempts since Traoré took power in September 2022. On top of this, Islamist insurgencies occupy territory in all ...

Gold mining companies scramble for answers after Burkina Faso …

"In fact, we are going to withdraw mining permits." Gold is the main export of Burkina Faso. Anger over the plundering of the country's rich resources by France helped bring the military junta to power in 2022. Companies such as Endeavour Mining, West African Resources, Nordgold, and Orezone Gold Corporation operate in Burkina Faso.

Endeavour Mining to buy True Gold and new …

Canadian miner Endeavour Mining Corp (TSX:EDV) has inked a friendly deal to acquire True Gold Mining (TSX-V: TGM) for about Cdn$240 million in stock. The agreement gives Endeavour control over a...

New True Gold CEO refocuses suspended Burkina Faso operations

TSX-listed True Gold Mining has appointed Mark O'Dea to assume the role of president and chief executive officer on an interim basis while its previously suspended operations in Burkina Faso are refocused.. In a statement, True Gold announced that O'Dea, the company's current executive chairman, will replace Dwayne Melrose as CEO while the search …

True Gold Mining

True Gold Mining (OTCQX:RVREF) appears to have overcome the final major hurdle to getting its Karma Mine project in Burkina Faso into production. Burkina Faso elected a new parliament and ...

Burkina Faso True Gold sees itself as a mid-tier producer

On the verge of building a gold mine at Karma [...] - 4/1/2014. Eastern Africa and the Horn

Gold mining's potential in West Africa

Gold mining in West Africa. GlobalData figures estimate gold production in West Africa reached 11.83 million ounces (moz) in 2024, with Ghana, Burkina Faso and Mali …

Gold mining's potential in West Africa

A large proportion of production is centred in West Africa, particularly in the 'Birimian belt', which includes Ghana, the Ivory Coast, Burkina Faso and the Mali-Senegal border. Rich gold ...

The emergence of artisanal gold mining and local …

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.

Burkina Faso's Boungou & Wahgnion Gold Mines Now …

The assets of UK-based gold producer Endeavour Mining and Lilium Mining, which is a subsidiary of Lilium Capital, founded by US-Burkinabe billionaire Simon Tiemtore, are to be transferred to the Burkina Faso government after several agreements were signed with Burkinabe Minister of Economy Aboubakar Nacanabo. ... true. 1920. 1440. true. https ...

New True Gold CEO refocuses suspended Burkina Faso …

TSX-listed True Gold Mining has appointed Mark O'Dea to assume the role of president and chief executive officer on an interim basis while its previously suspended …

True Gold begins mining at Karma Gold's Goulagou II …

True Gold has started mining from the Goulagou II deposit at the Karma Gold Mine in Burkina Faso. The deposit, which is the first of six that will be mined over an 11.5 year …

Burkina Faso Christian Milau named boss of True Gold Mining

Christian Milau is to become CEO of True Gold Mining [...] - 4/7/2015

Burkina Faso reclaims gold mines from largest British mining …

Burkina Faso has struck a deal to nationalise two gold mines for about $80mn that London-listed Endeavour Mining agreed last year to sell to Lilium Mining for more than $300mn.

Sahel jihadis using Northern Ghana as a logistical and …

Islamist militants fighting in Burkina Faso are discreetly using Ghana's north as a logistical and medical rear base to sustain their insurgency, seven sources told Reuters, a move that could help ...

True Gold: A Look At The Issues At Karma And With Mining In Burkina Faso

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 Faso), which is a positive.