{"id":1136326,"date":"2019-09-04T05:53:16","date_gmt":"2019-09-04T10:53:16","guid":{"rendered":"https:\/\/www.mining.com\/?p=1001004"},"modified":"2019-09-04T05:53:16","modified_gmt":"2019-09-04T10:53:16","slug":"canadas-teranga-kicks-off-production-at-burkina-faso-gold-mine","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1136326","title":{"rendered":"Canada\u2019s Teranga kicks off production at Burkina Faso gold mine"},"content":{"rendered":"<p>Canada\u2019s Teranga Gold has <a href=\"https:\/\/s2.q4cdn.com\/949220588\/files\/doc_news\/2019\/09-04-19-Wahgnion-Update-FINAL8.pdf\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">kicked off production at its Wahgnion gold mine<\/a>, in Burkina Faso, ahead of schedule, TSX-listed Teranga Gold announced on Wednesday.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The mine, which is the company\u2019s<br \/>\nsecond gold operation after Sabodala, in Senegal, began processing ore in<br \/>\nAugust and it\u2019s expected to produce between 30,000 and 40,000 ounces for the<br \/>\nremaining of 2019.<\/p>\n<p>As a result, Teranga anticipates<br \/>\nits 2020 consolidated annual production to increase to between 300,000 and<br \/>\n350,000 ounces.<\/p>\n<p>The news come as gold prices are at<br \/>\nthe highest levels in five years. With a 13-year mine life, Wahgnion is<br \/>\nexpected to help Teranga achieve its growth target of becoming a<br \/>\nmulti-jurisdictional, mid-tier gold producer.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Wahgnion, the company\u2019s second gold mine after Sabodala, in Senegal, is expected to produce between 30,000 and 40,000 ounces for the remaining of 2019.<\/p>\n<\/blockquote>\n<\/figure>\n<p>The Toronto-based miner said that, starting next year, it would embark on a multi-year exploration and drilling programme to further optimize the mine plan and extend the new operation\u2019s life. <\/p>\n<p>The current reserve estimate and mine plan include only the four initial deposits on the mine licence.<\/p>\n<p>The focus would be on prospective<br \/>\nexploration targets within trucking distance of the plant.<\/p>\n<p>A decade ago, Burkina Faso was better known for the cotton it grows than the gold it mines, but since then a gold rush has transformed it into one of Africa\u2019s hottest destinations for frontier mining.<\/p>\n<p>The country currently&nbsp;is<br \/>\nAfrica&#8217;s fifth gold producer after South Africa, Tanzania, Ghana, and Mali. According<br \/>\nto official figures, it produced 52.66 tonnes of gold last year, an increase of<br \/>\nmore than 15% when compared to the 45.8 tonnes it generated in 2017.<\/p>\n<p>Canada has the largest number of<br \/>\nforeign gold companies operating in Burkina&nbsp;Faso, including IAMGOLD, SEMAFO<br \/>\nand Endeavour Mining.<\/p>\n<p>The nation\u2019s thriving gold mining<br \/>\nsector has been recently rattled by a fresh wave of Islamist violence and<br \/>\nsporadic outbreaks of inter-ethnic conflict.<\/p>\n<p>On January 11, the parliament voted<br \/>\nto extend a state of emergency in several northern provinces, which has been in<br \/>\nplace since December 31, by six months \u2013 following a string of terrorist<br \/>\nincidents in several northern provinces, including one recent attack carried<br \/>\nout by dozens of jihadists which left 12 people dead.&nbsp;&nbsp;<\/p>\n<p>A few days later, Canadian geologist Kirk Woodman , who was working for Vancouver-based Progress Minerals Inc., <a href=\"https:\/\/mining.com\/progress-minerals-issues-statement-following-death-vp-exploration-burkina-faso\/\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">was found dead<\/a>&nbsp;after being abducted by unknown gunmen.<\/p>\n<p>Montreal-based SEMAFO, which has<br \/>\nmines in the region, reported several attacks on roads near its operations last<br \/>\nyear.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/canadas-teranga-kicks-off-production-at-burkina-faso-gold-mine\/\">Canada\u2019s Teranga kicks off production at Burkina Faso gold mine<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/\">MINING.COM<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Wahgnion mine is the company&rsquo;s second gold operation in West Africa. <\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/canadas-teranga-kicks-off-production-at-burkina-faso-gold-mine\/\">Canada&rsquo;s Teranga kicks off production at Burkina Faso gold mine<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/\">MINING.COM<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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