The mining industry has grown in Burkina Faso as a result, along with the artisanal and small-scale gold mining (ASGM) sector. According to some estimates, gold production from the ASGM sector even equals that of the industrial sector in Burkina Faso and represents a primary source of income for a large part of the population.
Canadian gold mining company Endeavour Mining has received the final mining permit enabling it to develop and operate the Houndé gold project in Burkina Faso. The mining permit approved by the Council of Ministers has now been signed by the President of Burkina Faso and other governmental authorities, making it into an official decree.
West-Africa focused gold producer Endeavour Mining has restarted the Boungou mine in Burkina Faso, which was closed last November after an attack on a convoy carrying employees.. The attack claimed the lives of 39 people. At the time, the mine was owned by Quebec-based Semafo, which was acquired by Endeavour in July this year.
The Sanbrado gold project is a high-grade underground and open-pit operation located approximately 90km east-southeast of Ouagadougou, the capital city of Burkina Faso. West African Resources (WAF) holds a 90% interest in the Sanbrado gold project, while the Government of Burkina Faso has a free-carried 10% interest in the project.
Gold prices have risen by around 30% since the beginning of this year and hit an all-time high of $2,686 per ounce in September. Australia's West African Resources, which operates the Sanbrado gold mine in Burkina Faso, also benefited from rising prices. By the end of September 2024, it achieved an average selling price of $2,493 per ounce up ...
Burkina Faso is a landlocked country, which struggles to meet the international development standards. The country knows a "mining boom" since 2008 with more than 600 exploitation permits with many environmental, social, cultural issues due to the limit of the actual mining local code that was established since 2015.
In early September, Endeavour awarded the mining contract for the Bougou mine to SFTP Mining, a West African mining contractor, who also provides mining services to its Karma mine. SFTP immediately began to mobilise mining equipment and personnel, and in order to accelerate the restart, purchased a portion of the on-site fleet from the previous ...
The high gold recovery rate through cyanidation and the lack of alternative economic opportunities maintain the high profitability of gold mining in Burkina Faso, including illegal use of mercury and cyanide. ... cyanidation produces clear efficiency gains. Together with rising gold prices, it is fueling a dramatic expansion of ASGM by enabling ...
Mana Gold Mining Operations, Burkina Faso The Mana gold deposits and mines are located in the southwest of Burkina Faso, in the provinces of Balé and Mouhoun, approximately 200 km by road from the capital of Ouagadougou. The Mana gold deposits are located within the limits of ten exploration permits and one mining permit, totaling 1,995 km2,