Canada's Orezone supplied 7% of Burkina Faso's gold output in 2023 from the Bomboré mine. This year, the firm plans to produce between 110,000 and 125,000 ounces of gold, down from 141,425 ounces last year.
In the first half of 2024, the Bomboré mine produced 55,663 ounces of gold, down 27% year-on-year. On July 18, Orezone confirmed its production target for the year–between 110,000 and 125,000 ounces (3.11 to 3.54 t).
"The second quarter was a solid operating quarter in line with our annual plan, despite regional grid power interruptions early in the quarter," said Patrick Downey, CEO of Orezone.
Orezone is also expanding the Bomboré mine, with plans to increase production to 170,000 ounces by 2026. The company has secured $105 million in funding from Coris Bank and Nioko Resources Corporation, an investment group in West Africa.
Burkina Faso produced 57.3 tonnes of gold in 2023. Bomboré produced about 4 tonnes.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
In Cotonou, Benin’s economic capital and home to the country’s leading institutions, the situation r...
GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...
Nigeria approves upgrade of VHF radio systems at major airports Project includes new biometric portals, scanners, and passenger guidance...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agriculture, and energy projects in member states Key decisions...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency, even as the continent continues to face the ongoing...
Chocolate giants linked to deforestation via indirect cocoa sourcing in Liberia Global Witness says opaque supply chains mask origin of uncertified...
MoMA opens Pan-African portrait photography exhibition on December 14 Show explores mid-20th century African identity and political...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...