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.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...
M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer unive...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
(PRESIDENCE DE LA GUINEE) - The Republic of Guinea has taken a major new step in the implementation of the sustainable and responsible Simandou 2040...
FAO launched a $2.7 million agricultural project to strengthen farmers’ organizations in Niger. The project targets Dosso and Tillabéri and...
Guinea recorded an employment rate of 52% in 2025, according to the National Labour Observatory. The informal economy accounted for 77.4% of the...
CardinalStone Capital Advisers plans to raise $120 million for its second SME-focused fund in West Africa. The International Finance...
In line with a broad movement acknowledging colonial-era spoliations and seeking to rebalance cultural relations between Africa and Europe, countries such...
MoMA opens Pan-African portrait photography exhibition on December 14 Show explores mid-20th century African identity and political...