Newmont Mining Burkina Faso

Chinese companies vie for Newmont's Akyem gold mine

March 25, 2024. Akyem produced 420,000oz of gold per year at the end of 2022. Credit: Phawat via Shutterstock. US gold mining company Newmont has commenced the sale process for its Akyem gold mine in Ghana, a move that has piqued the interest of several potential bidders, including Chinese producers, Bloomberg reported.

Nexus Gold to Conduct Reconnaissance Program at the Manzour …

Situated in southwestern Burkina Faso, near the border with Ghana, the area is home to several producing mines, including Yaramoko (Roxgold), Hounde (Endeavour), Poura (Newmont), Bondi (Sarama).

Newmont's Ahafo Mine

The Ahafo mine, which at the time of its opening, had close to 12 million oz of proven gold reserves, processes ore from seven major pits (four in the south and three in the north) …

SUMMARY AHAFO SOUTH PROJECT

Mining projects of the scale and duration of the Ahafo South Project offer unique opportunities for development of skilled labor forces. The 15-year life of the Project will …

Endeavour Mining sells Burkina Faso mines for USD$300M

Endeavour Mining PLC (TSX: EDV) (LSE: EDV) (OTCQX: EDVMF) has sold 90 per cent interest in the Boungou and Wahgnion mines in Burkina Faso for USD$300 million to a subsidiary of West African firm, Lilium Capital.. Endeavour announced the deal on Friday which includes a USD$130 million reimbursement of historical shareholder …

Nordgold launches Bouly gold heap leach operation in Burkina Faso

Gold production has begun at Nordgold's Bouly operation located 5km from its existing Bissa mine in Burkina Faso. Bouly will have an average annual production of c.120 thousand ounces ("koz ...

Burkina Faso GenGold Resource invests in Poura gold

McKeith intends to list Boromo Gold, GenGold's subsidiary active in Burkina Faso, on the Australian stock market in 2018. He hopes to win over investors with the permits recently picked by Boromo near to the Poura and Hounde gold mines. Located southeast of Ouagadougou, Poura was shut down in 1999 but is reported to still contain at least ...

West Africa Gold Mining to 2024

2.1.2 Burkina Faso 2.1.3 Mali 2.2 West Africa Gold Production 2.2.1 Ghana 2.2.2 Burkina Faso 2.2.3 Mali 2.3 Production by Company 3 West Africa Gold Assets . 3.1 Mines and Projects by Stage and ...

Newmont Mining to build underground mine …

The development capital ranging between $300m and $380m will be met by free cash-flow and cash balances. Commercial production at Ahafo began in 2006 and the operation achieved five …

Newmont to earn stake in Legacy Minerals' Australian gold …

Newmont Exploration will initially spend $1.34m within a period of 24 months at the Bauloora epithermal gold project. April 6, 2023. Newmont will earn a majority stake in the Bauloora gold project. Credit: Steve Bidmead from Pixabay. Australia-based Legacy Minerals and Newmont have signed a farm-in deal for the former's Bauloora epithermal ...

Newmont approves development of Ghana's Ahafo North …

The development of the gold project is estimated to cost between $750 and $850m. Newmont president and CEO Tom Palmer said: "I am pleased to announce the approval of full funding for the Ahafo North Project, expanding our existing footprint in Ghana and adding more than three million ounces of gold production over an initial 13 …

Newmont Corporation

Newmont obtained the mining lease for Akyem in 2010 and began commercial production in 2013. In 2017, the Ghana Investment Promotions Center (GIPC) named Akyem the best company in Ghana for the second consecutive year. The Akyem mine operates within 10 host communities in the Birim North District of Ghana's Eastern Region namely: …

Wood to enhance Newmont's Lihir gold mine in Papua New …

June 18, 2024. In 2023, the Lihir mine reported gold production of 670,000oz. Credit: István Mihály from Pixabay. Wood has secured a contract worth $18m (£14.16m) from gold mining company Newmont to support the Lihir gold mine in Papua New Guinea. Under the contract, Wood will offer consulting and engineering services to bolster Newmont's ...

Newmont begins commercial production at Twin Creeks …

"This project marks the sixth that Newmont has completed on or ahead of schedule and at or below budget over the last five years, and generates an internal rate of return of about 20%." With the achievement of commercial production, Newmont can now process stockpiled ore that had previously been classified as waste.

South America Operations

The Midnite mine – one of our legacy sites – is a former uranium mine located within the Spokane Tribe of Indians reservation in the state of Washington ... ("Goshute") The Western Shoshone, Shoshone-Paiute …

Six workers killed in accident at Newmont Mining's project …

April 9, 2018. Six miners have been killed following the collapse of the roof of a tunnel at Newmont Mining's Ahafo Mill Expansion (AME) project in Ghana. The accident occurred as an eight-person contractor crew was working inside the reclaim tunnel of the project. Two of the eight workers also suffered minor injuries as a result of the ...

Operations & Projects

Our purpose is to create value and improve lives through sustainable and responsible mining. Learn more here.

Gold output falls in Burkina Faso as terrorist attacks increase

Output of the precious metal fell 1.5% to 57.3 tons in 2023, the Ministry of Mines, Quarries and Energy said. "2023 was a very difficult year in terms of security, with mixed economic and social ...

West Africa Gold Mining to 2024

Ghana, Burkina Faso, and Mali the top three gold-producing countries in West Africa and together accounts for 33% of Africa's total gold production.

Newmont to cut Ghana gold mine workforce by June

US-based gold miner Newmont Mining plans to downsize its workforce by cutting up to 600 jobs at its Ghana gold mine by June this year. February 25, 2014. Share Copy Link; Share on X ... Last year, Newmont slashed around 240 workers as part of a cost-cutting strategy at Ahafo mine, which presently has about 1,500 employees. ...

RANKED: Top 10 lowest cost gold mines in the world Q1

1 Fosterville – $315/oz. Fosterville mine. Image by Kirkland Gold. Fosterville is the largest gold producer in the state of Victoria, Australia. The underground mine is owned by Toronto-based ...

Newmont to Sell Mines After Newcrest Deal

Newmont, the world's largest gold producer, has announced plans to raise $2 billion in cash by selling some of its mines and projects. The move comes after the …

West Africa Gold Mining Market by Reserves and …

West African gold production is estimated to be 11.83 million ounces (moz) in 2024. The region has emerged as a key gold mining hub with major contributions from Ghana, Burkina Faso, the Republic of …

Newmont to expand Tanami mine operations in Australia

Newmont Mining president and CEO Gary Goldberg said: "Since 2012, the team has more than doubled gold production while cutting costs by about two-thirds and significantly improving resource confidence. "The expansion project continues this trajectory, offering robust returns of more than 35% at current gold prices." ...

Top five gold mining countries of Africa from Ghana to Burkina Faso

Africa's gold mining industry — traditionally dominated by South Africa — has seen a shift in focus with countries such as Ghana, Suda, Mali, and Burkina Faso entering the fray. Major companies such as Newmont Goldcorp, Kinross Gold, AngloGold Ashanti, Barrick Gold and Gold Fields are active in the region, alongside controversial ...

Newcrest shareholders approve $16.8bn Newmont buyout

Newmont's subsidiary Newmont Overseas will acquire Newcrest, with regulatory clearances from competition authorities in Australia, Canada and Papua New …

Newmont records $2.47bn loss in 2023 on impairment charges

US-based gold miner Newmont has reported a net loss attributable to its stockholders of $2.47bn for the financial year 2023, in the wake of substantial impairment and reclamation charges. The loss was driven by $1.9bn in impairment charges, $1.5bn in reclamation charges, and $464m related to the Newcrest takeover and integration costs.

Newmont Mining to acquire Goldcorp in deal worth $10bn

The reserves and resources of Canada's Newmont Goldcorp will be located in favourable mining jurisdictions in the Americas, Australia and Ghana. Deposits in the Americas will account for 75% of the company's reserves, with 15% in …

Wrestle mania: inside the Goldcorp-Newmont-Barrick mega deal

As Newmont Mining continues to proceed with its $10bn takeover deal of gold-miner Goldcorp, in a shock move, rival Barrick Gold instigated a hostile $18bn takeover bid of Newmont. Heidi Vella takes a look at the potential combinations and their possible impact on the North American gold mining sector. Newmont Goldcorp's combined …

Newmont Corporation

Newmont offers the opportunity to be part of a diverse workforce with operations around the globe. Our goal is to invest in and build a workplace culture that allows every person to work safely, contribute to the business, demonstrate leadership and grow. View the latest career opportunities across all offices, facilities and sites. Apply Now.

The Burkina Faso Chamber of Mines on LinkedIn: Newmont …

The world's number one gold company Newmont Corporation, has successfully completed its acquisition of Newcrest Mining Limited, taking over its global business interests, …

Eight people suffocate at Burkina Faso mine after police …

Bissa mine in Burkina Faso. Image: Nordgold. Eight people suffocated to death when police in Burkina Faso used tear gas against unauthorised gold miners at Nordgold's Bissa mine, a prosecutor ...

Newmont Corporation

Overview. Newmont's Ahafo mine is located along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in Ghana. The mine is in the Ahafo region, approximately 307 Kilometers northwest from the national capital city of Accra. Commercial production at Ahafo began in 2006. Ahafo has two primary ore zones: Ahafo South and Ahafo North.

Newmont closes $16.8bn buyout of Newcrest Mining

Mining giant Newmont has concluded the $16.8bn (A$26.2bn) takeover of Newcrest Mining, leading to the formation of what it claims to be the globe's leading gold …

Newmont Ventures engage 805 millions € pour relancer …

(Agence Ecofin) - Suite à l'appel d'offres international restreint pour la reprise de la mine d'or de Poura, le gouvernement du Burkina Faso vient de désigner la société …

Newmont Mining to build underground mine and …

Newmont Mining has announced plans to build a new underground mine and expand plant capacity by more than 50%, intending to extend profitable production through this at its Ahafo operations in …

Valmec secures contract from Newmont for Tanami stage …

Valmec has secured a contract with Newmont Mining Services for an additional package of infrastructure works associated with its proposed Tanami Expansion 2 (TE 2) project in Australia. The TE 2 project is located 540km north-west of Alice Springs in Australia's Northern Territory. It is an underground gold mine capable of producing more …

Newmont net income falls in Q1 2024

Credit: Agent Wolf via Shutterstock. Gold mining giant Newmont has reported net income attributable to its stockholders of $170m in Q1 2024, a 51.5% decline compared with $351m a year ago. On an adjusted basis, earnings were $0.55 per share in Q1 2024, compared with $0.40 a share in the prior year. The company's sales in the first …

Newmont to Sell Mines After Newcrest Deal

by Victor Adetimilehin November 7, 2023. Newmont, the world's largest gold producer, has announced plans to raise $2 billion in cash by selling some of its mines and projects. The move comes after the company completed its $15-billion takeover of Newcrest Mining, the biggest acquisition in the mining industry this year.

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