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.
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
African startups raised more than $272 million in February 2026, according to Africa: The Big Deal. Funding increased 56% from January, signaling...
KCB Group plans to acquire a stake in an Ethiopian bank as part of its expansion strategy. The investment depends on regulatory approval in Ethiopia’s...
The World Bank has approved a $250 million program to support access to finance for SMEs in Niger. Around 7,500 micro, small and medium-sized...
Senegal plans to revoke 71 mining and quarry licenses as part of a sector cleanup. The move follows similar reforms in Guinea, Mali and...
Mbanza Kongo, located in northern Angola, is one of the most important historic cities in Central Africa. The capital of Zaire Province, it stands on a...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...