Latest Burkina Faso News

Sarama Resources has raised A$1.5 million through a private placement to fund copper-gold exploration in New South Wales and support its US$242 million arbitration claim against Burkina Faso. The arbitration hearing is set for February 2027, while Sarama plans to retain significant equity in Riedel Resources following a major asset sale.

Orezone Gold’s acquisition of the Casa Berardi mine propels it into a diversified mid-tier producer, while Q1 2026 results show a 35% jump in gold output and robust financials despite operational challenges at Bomboré.

Odessa Minerals has raised $2.65 million through a strongly supported placement and appointed Sam Brooks, an experienced geologist, to its board to boost project acquisition efforts.

West African Resources (ASX:WAF) closed Q1 2026 with a record A$847 million cash balance, underpinned by robust gold production of 107,728 ounces at an AISC of US$1,921/oz. Meanwhile, Burkina Faso's government formalised a 25% acquisition in the Kiaka project for A$175 million, marking a significant shift in ownership.

Enegex has identified a promising new gold prospective zone at the AW1 prospect in Côte d’Ivoire’s Tougbe Permit, supported by artisanal sampling and a completed aircore drilling campaign. The company is gearing up for a substantial 3,000m reverse circulation drill program at the nearby Gogo Permit’s Bonoubana Trend.

West African Resources Limited reported first-quarter gold production of 107,728 ounces, maintaining momentum toward its 2026 guidance of 430,000 to 490,000 ounces. Concurrently, the company continues confidential discussions with the Burkina Faso government regarding an increased equity interest in its Kiaka operation.

Sarama Resources has progressed exploration at its Australian Cosmo and Mt Venn gold projects while pursuing a $242 million arbitration claim against Burkina Faso over a disputed permit withdrawal.

Enegex Limited has reported multiple strong gold intercepts from its first aircore drilling campaign at the Kalama Bave prospect in Côte d’Ivoire, confirming a broad and high-grade mineralised system near surface.

West African Resources forecasts a record 430,000 to 490,000 ounces of gold production in 2026, driven by full-year output from Kiaka and sustained performance at Sanbrado. The company plans significant drilling and capital investment to extend mine life and enhance growth.

Orezone Gold reports solid Q4 and full-year 2025 results, completes a key hard rock plant expansion, and acquires the Casa Berardi mine, setting the stage for a significant production increase in 2026.

Resolute Mining has approved the final investment decision for its Doropo Gold Project in Côte d’Ivoire, initiating construction in the first half of 2026 and aiming to boost annual gold output beyond 500,000 ounces by 2028.

Orezone Gold Corporation reported a robust 33% revenue increase for FY2025, driven by higher gold prices despite a slight production dip, while advancing its Bomboré hard rock expansion and announcing a major Quebec mine acquisition.