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
The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...
Tunisia to launch first fully digital hospital as part of health reform. Project includes AI diag...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
Lukoil to sell all international assets to Gunvor amid U.S. sanctions Sale includes key oil stake...
With COP30 approaching, the International Renewable Energy Agency is calling for a global goal: to q...
MTN Nigeria, Ericsson test triple-band MIMO, boost 4G speeds Trial shows 3.2x download, 4x upload speed improvement Technology streamlines 4G, readies...
The issuance confirms the renewed attractiveness of Abuja's economy to investors, despite geopolitical tensions and the naira's volatility. This market...
MTN Nigeria, Ericsson test triple-band MIMO, boost 4G speeds Trial shows 3.2x download, 4x upload speed improvement Technology streamlines 4G, readies...
Afreximbank urges stronger trade finance to boost Africa's growth Intra-African trade hit $208B in 2024, but gaps persist Seminar in Abidjan...
The Namib Erg, also known as the Namib Sand Sea, is one of the most ancient and spectacular desert landscapes on Earth. Stretching along Namibia’s...
CIGAF 2025 hosted 26+ countries to celebrate culinary diversity in Ouagadougou Event featured competitions, demos, and talks on food, culture, and...