Randgold Prepares to Complete Kibali Underground Mine in the DRC
The Kibali gold mine remains on track to achieve its production target of 610,000 ounces (oz) this year as its underground operations, and the integration and automation of the vertical shaft enters the final commissioning and automation stage, according to Randgold Resources CEO Mark Bristow.
The mine is anticipating a significant increase in production once the final shaft commissioning, which remains on a tight schedule, has been completed.
Golden Star Begins Stoping at Prestea Underground
Golden Star Resources began stoping at its high-grade Prestea Underground gold mine in southwest Ghana in late September. Successful blasting of initial ore from the first stope in the West Reef orebody took place on September 27. The first stope is being mined using mechanized shrinkage, utilizing Alimak raise climbers. The ore is hauled to surface via the mine’s Central shaft.
Barrick, Tanzania Reach Agreement in Acacia Dispute
After months of back and forth, Barrick Gold Corp. and the government of Tanzania have agreed on a framework for a new partnership between Acacia Mining plc and the government where economic benefits from Acacia would be shared with Tanzania on a 50/50 basis. The framework was signed on October 19 in Dar es Salaam following a meeting between Barrick Executive Chairman John L. Thornton and the President of the United Republic of Tanzania His Excellency Dr. John P. Magufuli.
B2Gold Pours the First Gold at Fekola Project
B2Gold poured the first gold at its open-pit Fekola gold project in Mali on October 7 after completing construction of the Fekola mill in late September, more than three months ahead of schedule. The company expects the project to achieve commercial production by year-end 2017. Gold production through year-end is forecast at between 50,000 ounces (oz) and 55,000 oz.