Africa


An aerial shot of Platinum Group Metals' WBJV1 platinum project in South Africa's Bushveld complex. Credit: Platinum Group Metals

Platinum Group Metals raises $175M

Shares of Platinum Group Metals (TSX: PTM; NYSE-MKT: PLG) got a boost on the final trading day of 2013 after the company announced that it had completed a $175-million equity raise at $1.18 per share.





An historic pit at Amara Mining's Yaoure gold project in the Ivory Coast. Credit: Amara Mining

Amara reports largest resource in Ivory Coast

Amara Mining (TSX: AMZ; LSE: AMA) has expanded resources at its Yaoure project in the Ivory Coast from 2.7 million oz. gold grading an average of 1.1 grams gold per tonne to 6.3 million oz. gold averaging 1.3 grams gold per tonne, and claims…




Gold solution draining from the bottom of a heap into a pregnant-solution trench, at Banro's new Namoya gold mine in the DRC in December 2013. Credit: Banro.

Banro pours first gold at Namoya

Despite delays and two separate downward revisions to its gold production target at Namoya this year, Banro Corp. (TSX: BAA; NYSE: BAA) managed to pour the first gold at its newest mine in the Democratic Republic of the Congo on Dec. 30.


Workers at a drill site at True Gold Mining's Karma gold project in Burkina Faso. Credit: True Gold Mining

Mark O’Dea’s True Gold proves Karma’s potential

VANCOUVER — True Gold Mining (US-OTC: RVREF) can turn its Karma gold project in Burkina Faso into an open-pit heap leach mine generating strong returns for just US$131.5 million, according to a new feasibility study.


Operating facilities at Semafo's Mana mine in Burkina Faso. Credit: Semafo

Semafo huntsfor second Siou

Soil sampling at Semafo’s (TSX: SMF; US-OTC: SEMFF) Mana property in Burkina Faso has pinpointed a north-trending corridor measuring more than 14 km long and up to 4 km wide, 8 km north of the Siou deposit.


A drill rig at PMI Gold's Obotan gold project in Ghana. Credit:  PMI Gold

Asanko takes a second go at PMI

In a friendly all-share deal valued at $183 million, Asanko Gold (TSX: AKG; NYSE-MKT: AKG) plans to take over PMI Gold (TSX: PMV; ASX: PVM; US-OTC: PMVGF) to create an emerging mid-tier gold producer.


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