Senegal’s second-largest gold mine, the Mako mine, produced around 120,000 ounces of gold in 2023. This year, Resolute Mining, which owns the project, expects it to produce 140,000-150,000 ounces.
The Mako mine hosts 936,000 ounces (26.53 tonnes) of gold mineral resources as of December 31, 2023. That is 37% more than estimated as of December 31, 2022. Australian firm Resolute Mine, which owns the mine, disclosed the new estimate in a report dated 8 March 2024.
This increase is primarily attributed to the initial mineral resource estimate for the Tomboronkoto satellite deposit. Located 20 km from the mine's processing plant, Tomboronkoto hosts 403,000 ounces of inferred mineral resources. In 2024, Resolute plans to conduct additional work to increase the deposit's resources and convert at least a portion into indicated resources, a more reliable category for future exploitation.
Mako is the second-largest gold mine in Senegal, behind Endeavour Mining's Sabodala-Massawa gold complex. It delivered 119,847 ounces in 2023–an output that Resolute hopes will rise to 140,000–150,000 ounces in 2024.
Emiliano Tossou
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
Senegal, BOAD launch Fovas to monetize public infrastructure assets Fund aims to boost financing...
IPO attracts 81,466 subscribers, the largest in Morocco in a decade Offer oversubscribed 65 times, raising 750 million dirhams Funds to...
As West and Central African governments push to accelerate their digital transformation, the question of how to finance the necessary infrastructure has...
Bank secures 81.8 billion yen from regular and retail samurai bonds Over 100 Japanese investors participate amid strong demand for short...
The government values the Nairobi–Mau Summit and Nairobi–Maai Mahiu–Naivasha highway projects at $1.54 billion. President William Ruto says...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...