Burkina Faso: SEMAFO produced first gold bullion at Boungou
Friday, 29 June 2018 18:10
SEMAFO announced June 28 it has produced its first gold bullion of about 325 oz at its Boungou gold project in Burkina Faso. This move follows the construction and commissioning of the processing plant.
“The first gold pour at Boungou marks an important milestone in SEMAFO’s growth trajectory as it signals the beginning of a significant increase in production and cash flow,” said CEO Benoit Desormeaux.
The entry into production of SEMAFO’s second mine in Burkina Faso (Mana being the first) is set to boost the country’s gold output. As of next year, the mine is expected to generate an average of over 200,000 oz per annum. This, added to Mana mine’s yield, will bring the total gold output to over 400,000 oz.
Let’s note that commercial production at Boungou is scheduled for next August.
Louis-Nino Kansoun
Live News
-
Togo aquaponics startup turns to soilless farming to face climate risks
14:02
-
Inclusive employment in Africa improves but remains marginal
13:51
-
Senegal updates media watchdog to include digital platforms
13:34
-
Weekly Health Update| Rising diabetes rates raise health risks in Morocco and the MENA region
13:19
-
Cameroon ties passports, vehicle titles to tax compliance in 2026 budget
10:57
-
Cameroon cuts forestry taxes to promote sustainable logging
10:49
-
Togo Opens Professional Master’s Programs at Atakpamé Teacher Training College
05:15
-
Morocco Uses Satellite and RFID to Monitor Fishing Vessels
05:11
-
Senegal to Replace CNRA With New Digital-Age Media Regulator
05:00
-
Togo Ranks as West Africa’s Top Business Climate Performer in B-Ready 2025
04:54
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Collaborative programs are emerging across Africa to promote inclusive employment Public, private, and international actors are increasingly...
Cabinet approves bill creating the National Media Regulation Council New body replaces the audiovisual regulator set up in 2006 Reform expands...
This week in Africa, Africa CDC continues its clinical trial on mpox, while a new study highlights limits in malaria control efforts. Surveillance against...
2026 budget introduces a 25%–35% cut in the annual forestry fee Incentive targets certified operators to curb illegal logging Past underreporting cost...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...