A mine employee and a contractor are missing after a convoy transporting staff and contractors to the Essakane gold mine in northern Burkina Faso operated by Canadian miner Iamgold was attacked on Friday.Details are scarce but Iamgold says 33 people were travelling in three buses and three supply trucks on a road 12km from the mine. The search for the missing people is continuing.
In July 2008, subsequent to the date of the Essakane Report, the mining convention (the "Essakane Mining Convention") for the Essakane Gold Mine was signed by the Minister of Mines and Energy for Burkina Faso and IAMGOLD Essakane S.A. Pursuant to a condition contained in a bridge loan facility agreement entered into by Orezone Essakane ...
IAMGOLD is a mid-tier mining company with three gold mines on three continents, including the Essakane mine in Burkina Faso, the Rosebel mine …
Gold sales at Kloof decreased by 12% from 643,000 ounces to 566,500 ounces as a result of safety-related mine stoppages. At Beatrix, gold output remained relatively flat at 391,900 ounces whilst at South Deep, gold sales increased 52% from 174,700 ounces to 264,800 ounces in line with the production build-up.
Essakane Mine to Become a Flagship IAMGOLD asset and Orezone Gold Corporation starts trading as a New Exploration Company. Toronto and Ottawa, Ontario – February 25, 2009 – IAMGOLD Corporation (IMG:TSX, IAG:NYSE) ("IAMGOLD") and Orezone Resources Inc. (OZN: TSX, NYSE Amex) ("Orezone") jointly announced today the completion of the acquisition of Orezone by …
Toronto, Ontario--(Newsfile Corp. - November 1, 2021) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company") is pleased to report that... IAMGOLD Announces Safe Return of All Essakane Personnel - NXTmine
JM: One company that stands out is Orezone Gold Corporation (ORE:TSX | Spec Buy rated covered by Joe Mazumdar), which has rebranded itself from developing its Bomboré asset in Burkina Faso as a ...
IAMGOLD Announces Safe Return of All Essakane Personnel by Yahoo 24hgold
According to a July 2008 feasibility study, the Essakane mine is expected to produce an average of 315 000 oz/y of gold at an average cash operating cost of …
Iamgold manages the Essakane project following the acquisition of Orezone Resources in 2009. Essakane began commercial production in 2010 and produced about 364,000 ounces of gold in 2020, more than half the miner's overall production.
Orezone shareholders will also participate in the creation of Orezone Gold Corporation, a new gold exploration company that will retain Orezone's management and exploration team. Orezone Gold will be well financed through this transaction and host three advanced gold projects in Burkina Faso including Bomboré with 926,000 ounces of Measured ...
IAMGOLD $19.76 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; ; Shares outstanding: 374.7 million; Market cap: $7.4 billion; No dividends paid) has agreed to sell its 18.9% stake in the Tarkwa and Damang gold mines in Ghana to South African mining giant Gold Fields Ltd. for $667 million in cash. (All figures except share price and market cap in U.S ...
IAMGOLD (IMG:TSX) – Essakane gold mine accounts for roughly 1/3rd of IAMGOLD's annual production.The mine is located 330km northeast of the capital of Ouagadougou. IAMGOLD recently sold its Niobec niobium mine in Quebec to Regent's Magris Resources reducing the company's diversification.; Endeavour Mining (EDV:TSX) – currently the company only has one …
Iamgold is to take over Orezone Resources in an all stock deal which will give it control of Orezone's Essakane gold mine project in Burkina Faso. Author: Cameron French Posted: Friday, 12 Dec 2008 TORONTO (Reuters) - Iamgold Corp has agreed to buy Orezone Resources in an all stock deal worth about $139 million, which will boost its West ...
Toronto-based Iamgold has announced further plans to speed up production at its Essakane projet, in Burkina Faso, and now expects to produce as much as 490 000 oz during 2010 and 2011. The company ...
And in 2009, the acquisition of Orezone's Essakane project, which we built into a mine and brought into production, was the main reason for the 51% increase. But in the years to follow, growth through acquisitions diminished. Since 2009, growth in reserves and resources has been driven by near-mine exploration and expansion of existing deposits.
Table of Contents January 19, 2009 Dear Shareholder: The Board of Directors cordially invites you to attend the special meeting of shareholders of Orezone Resources Inc. (" Orezone ") to be held commencing at 10 a.m. (Toronto time) on February 18, 2009 at the Sheraton Centre, 123 Queen Street West, Toronto, Ontario. At the special meeting, shareholders will be asked to consider and, if ...
The Orezone exploration properties not related to the Essakane project were spun out into the new exploration company Orezone Gold, of which IAMGOLD holds 16.6%. The Company acquired all of the remaining outstanding common shares of Orezone with the issuance of 0.08 of an IAMGOLD share and 0.125 of a share of Orezone Gold for each share of Orezone.
Vancouver - Orezone Gold Corporation (TSX.V: ORE, OTCQX: ORZCF) (the 'Company' or 'Orezone') is pleased to announce that on October 15, 2021, it entered into definitive documents with respect to its previously announced Senior Debt Facility, Convertible Note Facility, and Silver Stream Agreement (the 'Project Financing Package').. The Company has closed each of the Convertible Note …
IAMGOLD [IMG-TSX; IAG-NYSE] operates the Essakane gold mine in northeast Burkina Faso. The company holds a 90% stake in the project, with the Burkina Faso government holding the remainder. For H1 2012, the mine produced 161,000 oz gold comparedwith 157,000 oz …
IAMGOLD Corporation is another mining stock that has performed well over the last month. This company explores for, develops, and operates gold mining properties. These mining properties are located in the Americas and West Africa. It currently has an interest in the Rosebel mine, Essakane mine, Westwood mine, and many more.
History. IAMGOLD commenced management of the Essakane project following the acquisition of Orezone Resources in February 2009. Essakane began commercial production in July 2010. The plant expansion to accommodate a substantial increase of hard …
IAG : NYSE: US$7.42 IMG: TSX HOLD Target: US$9.50. COMPANY DESCRIPTION: IAMGOLD is an intermediate gold company which produced 972,000 oz in 2011 at a total cash cost of $653/oz. Its key producing mines include Rosebel (95%) in Suriname and the Essakane mine in Burkina Faso.Key development projects include the Westwood () project in Quebec.Its key non-gold …
Gold Fields sold its 60% stake in the Essakane gold prospect in Burkina Faso for $200m to its partner in the project, Canada's Orezone Resources, in September, 2007. "While the Essakane project is expected to make a good return and deserves to be built, Gold Fields' relatively small stake in the project mitigates against it becoming a Gold ...
Orezone Gold, the exploration company spun out last year when Iamgold bought Orezone Resources for its Essakane project, will raise about C$10-million in a bought deal offering. Orezone will use ...
Boys working as artisanal miners take a break from panning for gold at the Marco gold mine in Mukungwe locality in Walungu territory of South Kivu May 9, 2014. Decades of corruption, mismanagement and violence have blighted the development of Congo, which at the time of independence in 1960 was Africa's second most industrialised economy.
Iamgold (IMG.TO), meanwhile, agreed to buy small player Orezone (OZN.TO) for about $140 million last week. ... The deal will give Iamgold the 3 million-ounce Essakane gold deposit in West Africa ...
"Indemnified Liability" means a liability or obligation accruing or becoming payable by Orezone, Essakane (BVI) Limited, Orezone Essakane (BVI) Limited, Gold Fields Burkina Faso s.a.r.l., Essakane s.a.r.l. or Essakane S.A. which was incurred or accrued prior to the Effective Time and that relates principally to a project or a property ...
In January 2009, Orezone Gold Corporation ("New Orezone") requested Met-Chem to re-issue the Technical Report prepared for Orezone Inc. S.A.R.L. on March 20, 2008. History Reconnaissance exploration was conducted in the region by the "Direction de la Gologie et des Mines" of Burkina Faso and by the United Nation Development Program (1974-1989).
IAMGOLD () is a leading mid-tier gold mining company producing approximately one million ounces annually from 8 gold mines on 3 continents and over 4 million kilograms of niobium from the Niobec mine in Canada. IAMGOLD is uniquely positioned with a strong financial position and extensive management and operational expertise.
