This will be Wahgnion’s strongest quarter of the year and Sabodala’s softest quarter due to lower grades processed as a result of pit sequencing.
Resolute Mining has executed documentation for a new flexible low-cost syndicated loan facility with a maximum limit of US$300 million.
AIM-listed explorer Oriole Resources reports that its joint venture partnere, IAMGOLD Corporation has initiated its year three option to spend up to US$8 million to earn a 70% interest in the Senala project in Senegal.
Barrick Gold has completed the transaction of combining its Massawa gold project in Senegal with Teranga Gold Corporation’s Sabodala gold mine.
ASX-listed West African gold developer Bassari Resources has appointed Senegalese-registered Junction Contract Mining SARL as the contract miners to the company’s Makabingui gold project in Senegal.
Resolute Mining has forward sold an additional 37,200 oz of gold at an average price of US$1,562 per oz July 2020 and December 2020.
Resolute Mining has provided a production update for the December 2019 Quarter. Total quarterly gold production increased by 2,092 oz to 105,293 oz.
Aramine and Epiroc have announced a partnership for the distribution of equipment dedicated to underground mines and tunnels in several African countries.