Africa

Banro finds 'relief' in new financing plan

Source: Daily News | 2014-08-21
Banro (TSX: BAA; NYSE-MKT: BAA) recently announced a large financing plan to improve its liquidity and ability to bring Namoya, its second gold mine in the Democratic Republic of the Congo (DRC), to full production. The plan includes a...

Roxgold receives key permit for Yaramoko

Source: Daily News | 2014-08-20
It took just three months for authorities in Burkina Faso to approve the environmental and social impact assessment Roxgold (TSX: ROG; US-OTC: ROG) submitted for its Yaramoko gold project in the country’s Houndé greenstone belt,...

Semafo benefits from high-grade pits at Mana 

Source: Print Archives | 2014-08-20
VANCOUVER — When West Africa-focused Semafo (TSX: SMF; US-OTC: SEMFF) relocated most of the mining fleet to new mining ares at its flagship Mana gold mine, the company knew it would have to weather a less-productive transition...

True Gold's Karma gold mine fully funded to production  

Source: Print Archives | 2014-08-20
Over the last year True Gold Mining (TSXV: TGM; US-OTC: RVREF) has reviewed and negotiated more than a dozen term sheets from traditional and alternative funding sources for its Karma gold project in Burkina Faso.

US stocks climb, Aug. 11-15  

Source: Print Archives | 2014-08-20
It was a good week for U.S. equities. The Dow Jones Industrial Average advanced 109 points to 16,662.91, while the broader S&P 500 Index jumped 23 points to 1,955.06. The tech-heavy Nasdaq Composite Index added 94 points to 4,464.93.

BHP plans spinoff to focus on 'four pillars' 

Source: Print Archives | 2014-08-20
With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is  driving to simplify its portfolio.

Problems at Ambatovy hurt Sherritt's Q2 earnings 

Source: Print Archives | 2014-08-13
Sherritt International (TSX: S; US-OTC: SHERF) reported a $30.1-million net loss in the second quarter, largely due to its Ambatovy joint-venture nickel–cobalt project in Madagascar, where it reduced the project’s annual...

West African charts path to low-cost gold production 

Source: Print Archives | 2014-08-13
VANCOUVER — In the six months since it acquired the Tanlouka gold project in Burkina Faso, West African Resources (TSXV: WAF) has drilled 124 holes, updated the resource, tested Mankanga’s metallurgy and shown that a US$44-million...

Asanko approves gold mine construction in Ghana 

Source: Print Archives | 2014-08-06
Asanko Gold’s  directors (TSX: AKG; NYSE: AKG) have given management the green light to build the first phase of the Asanko gold mine in Ghana for US$295 million, and the company expects to break ground within a month.

Endeavour Mining bounces back in 2014 

Source: Print Archives | 2014-07-23
VANCOUVER — After posting a big-time loss in 2013, West Africa-focused gold producer Endeavour Mining (TSX: EDV; US-OTC: EDVMF) pledged for a comeback, and based on the company’s performance over the first half of...

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