West Africa gold deposits are attracting attention. Here’s a look at the companies that are currently mining gold in Ghana, Mali and Burkina Faso.
West African gold producer Perseus Mining Limited (TSX:PRU)(ASX:PRU) (“Perseus”) advises that two further milestones have been achieved on the path to implementing its strategy of transforming Perseus into a multi-jurisdictional, multi-mine producer of in excess of 500,000 ounces of gold per year by 2021.
Perseus Mining Ltd. (TSX:PRU,ASX:PRU) released its results for the 2015 fiscal year, commenting that it achieved a record after-tax profit of AU$92.2 million. That’s an increase of 288 percent over the year-ago period.
Perseus Mining is producing gold at its Edikan mine and looking to bring its Sissingue project into production. Gold Road Resources is exploring and developing the Yamarna Belt in Western Australia.
Perseus Mining Ltd. (TSX:PRU,ASX:PRU) announced that the Ghanian Environmental Protection Agency has approved the supplementary environmental impact statement for its Edikan gold mine.
Perseus Mining put out three press releases this past week, and investors definitely reacted well to them. Other top gainers on the TSX were Energy Fuels, Western Copper and Gold, Ur-Energy and Uranerz Energy.
Gold has been having a tough time as of late, with gold futures closing Wednesday at $1,187 per ounce, a three-week low. The downward price pressure has been attributed to a US existing homes sales report.
Perseus Mining Ltd. (TSX:PRU,ASX:PRU) announced the results of a revised feasibility study for its Sissingue gold mine, which is located in Cote d’Ivoire.
Perseus Mining Ltd. (TSX:PRU,ASX:PRU) released an updated life-of-mine plan for its Ghana-based Edikan gold mine, noting that it indicates that the mine has successfully gone through its ramp up phase.
Perseus Mining Ltd. (TSX:PRU,ASX:PRU) announced assay results from recent infill drilling at the Mampong deposit, located at its Ghana-based Edikan gold mine.
Perseus Mining Ltd. (TSX:PRU,ASX:PRU) announced an updated mineral resource estimate for its Edikan gold mine in Ghana. The update follows an infill drilling program and reflects adjustments made to “key assumptions to reflect actual results to date.”
Haywood Securities analysts rated the company a “buy” with a price target of $3.60 in a note following the release of the news.
Perseus Mining Ltd. (TSX:PRU,ASX:PRU) released its activities report for the second quarter of 2014, commenting that it drilled successfully at its Bokitsi South deposit, “advanced development planning” for its Sissingue gold project and “made significant operational improvements” at its Edikan gold mine.
Perseus Mining Ltd. (TSX:PRU,ASX:PRU) announced on Friday that it incurred a $4.024-million net after-tax loss for the six months ended December 31, 2013.
Perseus Mining Limited (TSX:PRU, ASX:PRU) announced gold production from its Edikan Gold Mine in Ghana for the first half of 2013.
Syrah Resources Limited (ASX:SYR) appointed Rhett Brans as a Non-Executive Director, Owen Cavanough as Chief Operating Officer, and Michael Chan as General Manager Balama Development. Together they will focus on the Balama Graphite and Vanadium Project.