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
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
Even though it remains the smallest "crypto-economy" in the world, sub-Saharan Africa shows that vir...
• Côte d’Ivoire’s anti-corruption authority HABG signed MoU with INP-HB on Sept. 16.• The deal includes plans for an Executive Master’s in Compliance and...
• Google will set up four infrastructure hubs in Africa to connect new submarine cables.• The hubs will link Equiano and Umoja cables, adding landing...
• Sub-Saharan Africa spent nearly $7 billion on digital infrastructure in 2024, up from $6.3 billion in 2020.• Around 60% of these funds went...
Liebherr comeback: German-Swiss group wins 10-year crane contract with Transnet after 2023 corruption settlement. Green focus: Hybrid and...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...