Mining

Burkina Faso: Orezone expects lower output at its Bomboré gold mine this year, compared to 2023

Burkina Faso: Orezone expects lower output at its Bomboré gold mine this year, compared to 2023
Wednesday, 27 March 2024 21:11

The Bomboré mine delivered 141,425 ounces (4 tons) of gold in 2023. The mine, which began production in September 2022, is 90% owned by Orezone, a Canadian firm. The government of Burkina Faso holds the remaining 10%.

Orezone expects its Bomboré gold mine to produce between 110,000 and 125,000 ounces (over 3 tons) this year. The Canadian firm disclosed the forecast on March 27 in its operational and financial results for the past year.

Year-on-year, this would translate into an 11% decrease. In 2023, gold production peaked partly due to the processing of ore stocks accumulated during the mine construction phase. The company also attributed its low expectations for production to delays in exploiting certain high-grade ore-rich zones.

"During its first full year of commercial production, the Bomboré mine successfully produced 141,425 ounces of gold [...]. We expect 2024 to be another profitable year, even though the expected gold production will be slightly lower than in 2023," said Orezone CEO Patrick Downey.

The Bomboré mine commenced production in September 2022. According to current estimates, the mine could deliver up to 2.11 million ounces (approximately 60 tonnes) of gold by 2034.

The Bomboré mine is owned at 90% by Orezone and 10% by the Burkinabé government.

On the same topic
• Lotus Resources invested $50 million to restart mining at Kayelekera, which was halted in 2014 due to low uranium prices.• The mine officially...
• Empower commissions 1.1 MWp solar plant for L'Oréal Egypt• Project avoids 800+ tons CO2, supports L'Oréal’s 2030 goals• Equity financing enabled rapid...
De Beers discovers new kimberlite field in Angola First major find in over 30 years for company Further drilling, analysis planned to assess...
Benin restarts Sèmè oilfield after 27-year shutdown Project led by Akrake Petroleum, production starts by end-2025 Output projected at 15,000...
Most Read
01

Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...

Burkina Faso Launches Plan to Renew and Expand Mango Plantations
02

Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...

Starlink's Kenyan Setback: 2,000 Users Lost in Q1 2025 Amid Rising Local Competition
03

Abdul Samad Rabiu is now the richest investor on NGX, with ₦15.23 Trillion in BUA Foods and Cement...

Nigeria's Wealth Shift: Abdul Samad Rabiu Overtakes Aliko Dangote as the Richest Man on NGX
04

• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfe...

BCEAO to Roll Out New Platform for 24/7 Instant Transfers in West Africa
05

MTN and SANTACO signed a reseller deal on 13 Aug 2025. Gauteng taxis gain MTN data, ICT, fintech ...

MTN, SANTACO Partner to Digitize South Africa’s Minibus Taxi Industry
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.