Far East Gold Ltd’s Post

Coverage stock West African Resources (ASX: WAF) is a great example of a junior company that can transition successfully from exploration to production status, having poured first gold at its Sanbrado gold project in Burkina Faso in March 2020, six months ahead schedule and US$20 million under budget. For 2024, the Sanbrado Project is expected to continue performing in line with the company’s long-term mining plan, with forecast unhedged production guidance of 190,000 to 210,000 ounces of gold at an AISC of less than US$1,300 per ounce. Site construction activity at the company’s second mine development, Kiaka, will see a major ramp up in 2024, with the project fully funded to first production. The project remains on schedule and on budget to see the first gold produced during the second half of 2025, which sets WAF on the path to becoming a +400,000-ounce gold producer from 2025 to 2032. In terms of the next steps, we await the release of the company’s updated Resources, Reserves and 10-year production plan over the course of the coming weeks. #gold #exploration #mining #burkinafaso #resources #commodities #equities #ausbiz

Coverage stock West African Resources (ASX: WAF) is a great example of a junior company that can transition successfully from exploration to production status, having poured first gold at its Sanbrado gold project in Burkina Faso in March 2020, six months ahead schedule and US$20 million under budget. For 2024, the Sanbrado Project is expected to continue performing in line with the company’s long-term mining plan, with forecast unhedged production guidance of 190,000 to 210,000 ounces of gold at an AISC of less than US$1,300 per ounce. Site construction activity at the company’s second mine development, Kiaka, will see a major ramp up in 2024, with the project fully funded to first production. The project remains on schedule and on budget to see the first gold produced during the second half of 2025, which sets WAF on the path to becoming a +400,000-ounce gold producer from 2025 to 2032. In terms of the next steps, we await the release of the company’s updated Resources, Reserves and 10-year production plan over the course of the coming weeks. #gold #exploration #mining #burkinafaso #resources #commodities #equities #ausbiz

Many Peaks Minerals (ASX:MPK) moves into Cote d’Ivoire neighbourhood with acquisition of gold projects via The Australian "With gold prices continuing to go from strength to strength, Many Peaks could not have picked a better time to pick up a package of advanced #gold projects in Cote d’Ivoire that include recent discoveries." #miningnews #WestAfrica #mining #miningstocks #goldmining https://lnkd.in/gr7b3dst

Saudi Arabia seeks bidders for seven mining sites Saudi Arabia is actively seeking bidders for seven mineral exploration sites as part of its efforts to develop its $2.5 trillion untapped mineral resources. The ministry has opened a new round of exploration licenses, covering over 1,000 square kilometers with various valuable minerals like gold, silver, and copper available at these sites. To encourage participation, the government offers significant incentives such as co-funding for capital expenditures and exemptions from royalty fees. Recently, the ministry issued 31 new mining licenses across different categories in June alone. This initiative aligns with Saudi Arabia's Vision 2030 plan to prioritize mining as a key growth industry. #SaudiMining #Vision2030 #MineralExploration #InvestmentOpportunity #GoldMining #CopperMining #SaudiEconomy

Did you know? The #DRC’s main #economic #resource is its #mineral #deposits; mining produces almost nine-tenths of total #exports. The abundance of minerals was among factors that attracted European powers to Congo in the 19th century. #Loncor controls 4 million ounces of high-grade #gold resources with various projects in the #DRC. Learn more here: https://loom.ly/Ce70RGc TSX: LN | OTCQX: LONCF | FSE: LO51 #GoldInvesting #GoldStocks #Invest #Investment #GoldInvesting #Gold#Investment #GoldExploration #StockMarket #Mining #MiningNews

At AngloGold Ashanti - Geita Gold Mining Limited (GGML), we consider integrity and transparency to be essential for sustainable mining practices. Transparency is not just a word for us; it is one of our guiding principles. We maintain clear financial records, to ensure that our stakeholders are aware of where their investments are going.  In November 2022, GGML was recognised at the Tanzania Revenue Authority's Taxpayer Appreciation Day and received two awards: one for being the most compliant taxpayer in the mining industry and another for outstanding export goods value for the fiscal year 2021-2022. According to the 13th Tanzania Extractive Industries Transparency Initiative (TEITI) report, published in June 2023,  which covers the period from July 1, 2020, to June 30, 2021, GGML was the highest contributor among mining companies. GGML contributed 44.98% of the extractive industry's revenue in the fiscal year 2020/21. #MiningforNationalDevelopment #agatanzania #MiningforDevelopment #miningforchange #mining #mininglife #miningtanzania #tanzania #SustainableGrowth #Sustainability #CorporateSocialResponsibility #responsiblemining #nationaldevelopment EITI (Extractive Industries Transparency Initiative)

Mining regulatory, policy concerns impact Namibia’s global attractiveness The Chamber of Mines Namibia has called for urgent policy reforms in the country's mining sector following Namibia's drop in the 2023 The Fraser Institute Annual Survey of Mining Companies. The country's ranking on the Investment Attractiveness Index (IAI) fell by three points, prompting the Chamber of Mines to stress the critical need for improved mining policies and regulatory frameworks to enhance investor confidence and competitiveness globally. https://lnkd.in/dNu8zB22 #namibia #fraserinstitute Namibia Investment Promotion and Development Board (NIPDB) Veston Malango Zebra Kasete Tom Alweendo #mining #policy #namibiamining

Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it has restarted mining at the Gedabek mine in Azerbaijan, with flotation operations to resume in the second quarter of this year. Production was halted during Autumn 2023 due to an environmental audit at its operations with an action plan agreed with the government in November. As a result of the disruption, output dropped to 31,821 gold equivalent ounces (57,618 GEOs) with 3,080 GEOs in the final quarter. Reza Vaziri, chief executive, commented he was pleased to hit the revised production target despite the challenges during the year. “We continue to make meaningful progress in restarting flotation production, which will begin from Q2 2024. "Completing a maiden JORC mineral resource for Gilar marked a milestone for the company, confirming our internal estimates regarding the asset's potential.” More at #Proactive #ProactiveInvestors #AIM #OTC #AAZ #AGXKF #Mining #AngloAsianMining #Azerbaijan http://ow.ly/TnWJ1058Pi3

Mining: Angola 2024 | Global Practice Guide Joao Afonso Fialho and Antonio Penelas sign the Angola chapter of the "Mining 2024" guide, published by Chambers and Partners in the Global Practice Guide segment. This law manual provides a comparative analysis of legal practices in different jurisdictions. In this edition, Angolan legislation in the mining sector is analysed. This analysis is divided into the following themes: "Impact of Environmental Protection and Community Relations on Mining Projects", "Climate Change, Energy Transition and Sustainable Development in Mining", "Taxation of Mining and Exploration", "Mining Investment and Finance", "Mining: Outlook and Trends". This publication is available here (https://lnkd.in/dAWGxDzJ) #VdA #ASP #ChambersandPartners #Mining #Mininglegislation #Angola

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) expects to increase production in 2024 by at least 10% after hitting its target of 85,000 gold ounces in the year just ended. Output from the company’s flagship operation at Segilola in Nigeria was affected by lower grades and recoveries earlier in the year. Segun Lawson, chief executive, said that as a result of actions taken, it is back on track and "positioned strongly” for the next few years. “We expect that the successful completion of the west wall pushback and the improvements made to the processing plant will allow the mine to operate more efficiently whilst also making accelerated drawdown of the current high levels of the gold in circuit through the course of the year.” Gold production in 2023 totalled in 84,609oz with around 21,800oz in the final three months at a grade of 2.77 grammes per tonne (g/t). More at #Proactive #ProactiveInvestors #TSXV #AIM #OTC #THX #THXPF #Mining #ThorExplorations #Nigeria #gold http://ow.ly/YJa21058Plb