Burkina Faso Gold Mining

Burkina Faso's mining activities are governed by the 2015 Mining Code (Law n°036-2015/CNT) and associated decrees. Key authorities under the Ministry of Economy and Finance – including the General Tax Directorate (DGI), the General Treasury and Public Accounting Directorate (DGTCP) and the General Customs Directorate (DGD) – oversee the …

Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focussed on its staged hard rock expansion that is expected to ...

The Kiaka Gold Project in Burkina Faso, developed by West African Resources, has received the first tranche of a $265 million loan and is on track for 2025 production. ... which is located about 45 km south of WAF's existing Sanbrado Gold Mine, has received the first tranche of a $265 million loan from Sprott Resource Lending Corp. and Coris ...

Another key player in this initiative is the Agence pour la Promotion de l'Entrepreneuriat Communautaire (APEC), which is already mining in the southwestern region. Gold mining in Burkina Faso is dominated by foreign companies like London-listed Endeavour Mining at the Mana and Houndé mines, Canada's Orezone Gold at Bomboré, Iamgold at ...

Youga Gold Mine. The Youga gold mine is situated 180km south-east of Ouagadougou, the capital city of Burkina Faso. Initially owned by Endeavour Mining, the mine was sold to Avesoro Jersey (formerly MNG Gold) in February 2016.

Six mining companies closed down in 2022, while one more ceased activity last year. Output of the precious metal fell 1.5% to 57.3 tons in 2023, the Ministry of Mines, Quarries and Energy said.

Workers at the Houndé gold mine in Burkina Faso. ( Image courtesy of Endeavour Mining. Work resumed at Endeavour Mining Plc's second-biggest mine Thursday after management reached an agreement ...

With Burkina Faso's head of state threatening to withdraw gold mining licences, players in the sector have been trying to defuse the situation. But how long can they hold out? …

The State of Burkina Faso owns the remaining 10% stake in the Karma low-grade heap leach operation, which comprise several shallow, low strip ratio, free-dig open-pit gold deposits. Based in Burkina Faso, Néré Mining is a consortium led by Elie Ouedraogo, who is a board member of Karma and director of Semafo Burkina Faso.

About 45 km south of West African Resources' (WAF's) existing Sanbrado gold mine, in Burkina Faso. Project Owner/s WAF (90%) and the government of Burkina Faso (10%). Project Description

Burkina Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, junta leader Ibrahim Traore said on Saturday, without specifying which ...

From 1986 to 1997, when gold production was at its peak across the country, Burkina Faso produced over 26 tonnes of pure gold, including 13.93 tonnes from large scale industrial sites, and an additional 12.26 tonnes from artisanal mining.

It also contributes to an existing literature about gold mining in Burkina Faso (Luning, 2008, Werthmann, 2012). Our analysis differs from Luning (2008) and Werthmann (2012) both in the theoretical framework and in outcomes to be tested. The remainder of the paper is organized as follows.

The Sanbrado gold project is a high-grade underground and open-pit operation located approximately 90km east-southeast of Ouagadougou, the capital city of Burkina Faso. West African Resources (WAF) holds a 90% interest in the Sanbrado gold project, while the Government of Burkina Faso has a free-carried 10% interest in the project.

Burkina Faso and the gold mining sector. Burkina Faso shows the typical features of a resource-rich, low-income country in sub-Saharan Africa (The World Bank, 2018). Although gradual urbanization is taking place, the majority of the people continue to live in rural areas where they make their livelihoods by small-scale farming and livestock ...

Burkina Faso Boungou gold mine far from recovery. The mine bought by Simon Tiemtoré's Canadian company Lilium Mining in 2023 has ground to a halt because of ongoing …

The mine is 90% owned by IAMGOLD and 10% by the Burkina Faso government. It produces about 400,000 gold ounces a year. The solar plant, expected to be commissioned by the end of 2017, would be ...

Burkina Faso Insecurity drives down gold production. The deteriorating security situation is taking a heavy toll on Burkina Faso's gold mining industry, the backbone of the country's economy. According to a confidential internal report from the Ministry of Mines, Burkinabe gold production has fallen by 10 tonnes in two years.

FILE - Informal gold miners are seen taking a break from work under the midday sun at an artisanal mining site near Dano, southern Burkina Faso, May 5, 2020.

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.

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.

Russia's gold mining firm Nordgold has closed its Taparko mine in Burkina Faso and declared force majeure over security concerns in the country, reported Reuters citing a company statement. Nordgold subsidiary Société des Mines de Taparko (SOMITA) director-general Alexander Hagan Mensa was cited by the news agency as saying that the gold ...

The deteriorating security situation is taking a heavy toll on Burkina Faso's gold mining industry, the backbone of the country's economy. According to a confidential internal …

The Wahgnion Mining License is 90% owned by Wahgnion Gold Operations SA ("WGO"). On June 30, 2023, Endeavour Mining plc closed the sale of its 90% interests in its Wahgnion non-core mine in Burkina Faso to Lilium Mining, a subsidiary of Lilium Capital.

Establishing a mercury-free processing plant. Since 2019, the AGC has been piloting two mercury-free processing systems (MFPS) in Burkina Faso through the planetGOLD Burkina Faso project to prevent mercury usage, increase gold recovery of hard-rock gold ore processing, implement international standards on responsible ASM (ensure transparency of gold origin), …

In Burkina Faso, where the gold sector accounts for 12% of GDP, the focus is firmly on control of mining profits.Captain Ibrahim Traoré, the country's leader since the coup of September 2022, has repeatedly expressed his intention to see his country take control of the exploitation of its mining resources.

Burkina Faso has been experiencing a mining boom since the early 2000s, mainly in gold but also in the zinc and manganese sectors. Today, the country is Africa's fifth-largest gold producer. In 2020, the Burkinabe mining sector underwent a significant reorganization, with Endeavour acquiring Canadian mining companies SEMAFO and Teranga.

Over the five years to 2022, production from Burkina Faso increased by a CAGR of 4% and is expected to drop by a CAGR of 4.79% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its West Africa Gold Mining to 2030 report. Buy the report here.

Gold is Burkina Faso's main export, accounting for 37% of total exports in 2020, and mining is a leading source of jobs.

Burkina Faso's junta-led government on Thursday launched the construction of the country's first refinery for gold, Burkina's main mineral resource, an AFP journalist said. ... The mining sector ...