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.
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société Générale Burkina Faso (SGBF).•The move is part of...
• Mali plans to increase its total cotton cultivation area to 672,000 hectares in the 2025/2026 season, marking a 7.8% or 50,000-hectare increase from the...
• Tanzania Railways Corporation inaugurated freight service on the Standard Gauge Railway (SGR) between Dar es Salaam and Dodoma.• The SGR is part of...
• World Bank advocates for green jobs as a strategic solution for Gabon's economy and youth unemployment.• Despite natural wealth, training in sustainable...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...