In the News
Parallel Mining will provide the latest stories the media reports, about our project and other gold mining projects in Burkino Fasoas and West Africa. Check back regularly to view our updates.
June 5, 2018
B2Gold opens major new solar farm at its Namibia mine
The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development. (READ MORE)
February 23, 2018
Endeavour on track to pour first gold from Ity mine next year
Company is building a plant that will add 14 years of productive life to its Ivory Coast-based gold mine. (READ MORE)
September 7, 2017
Burkina Faso mine to boost Teranga’s annual gold output by 50%
Once Banfora is up and running, it would take the company’s annual gold output to between 300,000 and 350,000 ounces. (READ MORE)
July 11, 2017
Nexus Gold acquires 3rd gold project in Burkina Faso, West Africa
The Rakounga Gold concession is a 250 sq km property contiguous to the company’s 2nd gold project — Bouboulou. (READ MORE)
August 4, 2016
Savary Gold Emphasizes Exploration Potential with Release of Historic Drill Results
Savary Gold Corp. announced additional historical drill results and provided an exploration update for its Karankasso JV Project in south western Burkina Faso. (READ MORE)
February 24, 2017
Endeavour extends Karma mine’s life to over 10 years
The company, which earlier this month revealed is in merger talks with African gold producer Acacia Mining, expects to produce between 600,000 and 640,000 ounces of the precious metal this year. (READ MORE)
January 23, 2017
Endeavour Mining reports record gold output in 2016
A drill program at the mine’s North Kao deposit has added 262,000 ounces to the reserves, extending Karma’s life to more than 10 years. (READ MORE)
September 26, 2016
Nord Gold to join 1 million ounce club
After a difficult first half, Nord Gold’s now set up for over 1.2moz per year after start-up at Bouly mine in West Africa and major Russian development. (READ MORE)
August 2, 2016
Banfora, Burkina Faso: 2m grading 69.5g/t Au from 74m, including 1m grading 130g/t Au
Extension and infill drilling at the high-grade Nogbele prospect within Gryphon Mineral’s Banfora gold project in Burkina Faso has continued to boost confidence the overall resource grade and size will be increased. (READ MORE)
August 2, 2016
Opportunities for the Bold – Africa mining M&A in 2016 and beyond Africa, China
After 2015’s race to the bottom, the start of 2016 has seen a gradual rallying of the mining industry in Africa. Commodity prices and equities have rebounded, driven by local currency weakness against the US dollar, lower input costs and a focus on deleveraging. (READ MORE)
August 2, 2016
Tanlouka, Burkina Faso: 18m grading 82.3g/t Au from 98m depth
The best intercept to date at dual-listed West African Resources’ (WAR) Talouka gold project in Burkina Faso was welcomed with a 9% share price rise in Australia, as investors reacted to the company hitting “ultra” high-grade gold. (READ MORE)
July 28, 2016
Nexus Gold to Complete Initial Work Program at Bouboulou Concession, Burkina Faso
Vancouver, BC / TheNewswire / July 28, 2016 – Nexus Gold Corp. (“Nexus” or the “Company”) (TSX-V: NXS) is pleased to announce that it intends to complete an initial work program at the Bouboulou Gold Concession (“Bouboulou” or the “Property”), located in Burkina Faso, West Africa. (READ MORE)
July 20, 2016
Gryphon raises A$4.4m from Teranga for Burkina Faso project
JOHANNESBURG (miningweekly.com) – ASX-listed Gryphon has completed a placement with ASX- and TSX-listed Teranga Gold, raising A$4.4-million for the development of the Banfora gold project, in Burkina Faso. Gryphon, which is subject to a takeover from Teranga set to close in October, will use the funds of the placement to accelerate the completion of the updated engineering studies and resource and reserve drilling for a carbon-in-leach processing plant at the project. (READ MORE)
July 19, 2016
Tanlouka, Burkina Faso: 18m grading 82.3g/t Au from 98m depth
The best intercept to date at dual-listed West African Resources’ (WAR) Talouka gold project in Burkina Faso was welcomed with a 9% share price rise in Australia, as investors reacted to the company hitting “ultra” high-grade gold. (READ MORE)
July 14, 2016
It’s full speed ahead for Roxgold
The early exercise of warrants by International Finance Corp. (IFC) gives Roxgold (TSXV: ROG) US$9 million to add to the US$33.8 million it already has in the bank. With another US$14.2 million in receivables from gold sales and gold bullion. (READ MORE)
May 20, 2016
Roxgold looking good in Burkina Faso
Following the release of data from a 2,400m, 10-hole programme, two diamond drill holes (YRM-15-DD-BGS-086 grading 3.2g/t over 13.6m and YRM-15-DD-BGS-087 grading 8.9g/t over 9.4m) have extended the known limits. (READ MORE)
May 16, 2016
South Houndé, Burkina Faso: 15m grading 7.44g/t Au from 47m (depth)
With London-listed Acacia Mining funding exploration work as part of its agreement to earn 70% of the asset, TSX-V-listed Sarama is happy to sit back and enjoy the high-grade assays. (READ MORE)
April 6, 2016
Tanlouka, Burkina Faso: 20m grading 5.8gpt Au from 68m depth (hole TAN16-RC136)
West African Resources (ASX, TSXV: WAF) will be revisiting its Tanlouka pre-feasibility study shortly to alter the start-up mining premise and potential earnings picture. It shouldn’t be a disagreeable experience for managing director Richard Hyde and his team. (READ MORE)