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.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Botswana and Zimbabwe to sign seven agreements covering trade, SMEs, tourism and environmental cooperation Leaders meet in Harare under Bi-National...
Kenya and Italy signed a 2026–2029 action plan to expand cooperation across political, economic, and technological sectors. Bilateral trade rose...
Senegal and Sierra Leone signed a bilateral treaty in mining and energy on April 20 in Dakar. The agreement focuses on resource exploration, energy...
MobileMoney Fintech CEO says company may list within 3–5 years Listing would allow users to invest in the company via mobile channels Ghana’s stock...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...