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Loulo Data

Nearby Locations

Nearby Location News

  • Alecto, Ashanti to jointly develop Mali-based Kossanto project 2016-08-22
    To further develop the 247 00 oz Mali-based Kossanto East gold project, owner Alecto Minerals has signed a nonbinding letter of intent (LoI) with TSX-V-listed Ashanti Gold. The Canadian exploration and development company now has the right to earn a 65% stake in the project by completing a preliminary feasibility study (PFS) within 36 months. Should Ashanti not complete the PFS within the allocated time, it may instead elect to pay $4-million to Alecto within 90 days.
  • Fekola gets the B2Gold treatment 2016-08-05
    Expansion approved even before first gold pour
  • Fekola, Mali: 15.5m at 8.49g/t Au from 135.1m depth (FKD_189) 2016-06-29
  • B2Gold Reports 2015 Fourth Quarter and Full-Year Results 2016-03-17

    - Achieves Record 2015 Gold Production and Beats 2015 Cost Guidance, Resulting in Record Operating Cash Flows

    - Announces Financing Arrangements to Fully Fund the Fekola Mine Construction on March 15, 2016

  • B2Gold Corp. Announces Financing Arrangements to Fully Fund the Fekola Mine Construction 2016-03-15

    Gold Prepaid Sales Financing Arrangements of up to $120 Million

    Fekola Mining Equipment Facility for $81 million

    Increase in the Otjikoto Equipment Facility

Loulo Information

  • General 2015-05-10
    The Loulo and Gounkoto mines, known as the Loulo-Gounkoto complex, are located in the west of Mali, bordering Senegal and adjacent to the Fal©m© River. The complex lies within the Kedougou-Kenieba inlier of Birimian rocks which hosts a number of major gold deposits in Mali, including Gara, Yalea, Gounkoto, Sadiola, Segala and Tabakoto as well as Sabodala across the border in Senegal. The Loulo permit hosts two main deposits namely Gara and Yalea which have been developed into corresponding open pit and underground mines. Additionally there are a number of other gold deposits and targets which have been discovered on the permit, the most significant to date being Loulo 3. Current mineral resources are at 10.39 million and reserves at 6.48 million ounces. South of Loulo lies the Gounkoto permit which yielded first the 500 000 ounce Faraba deposit followed by a number of smaller ones and then in 2009, the 5 million ounce Gounkoto deposit. Open pit mining began at Gounkoto at the beginning of 2011 and first gold was delivered to the Loulo plant, where it is toll treated, in June 2011. Mineral resources are now at 5.07 million ounces and reserves at 2.76 million ounces.

Related News

  • Hummingbird Resources pours first concrete at Yanfolila 2016-10-20
    Civil contractor IMAGRI-SARL, which has worked for Randgold Resources, poured the concrete,
  • Randgold Resources: Kibali Delivers Progress Despite Challenges 2016-10-18

    JERSEY, CHANNEL ISLANDS--(Marketwired - Oct 18, 2016) -  Randgold Resources (LSE: RRS) (NASDAQ: GOLD)

  • Avnel Commences Infill and Extension Drilling at Kalanako Deposit 2016-10-17

    Optimisation Work on the Kalana Main Project Continues

  • Hummingbird starts mine construction at Yanfolila 2016-10-11
    First concrete pouring is expected later in the month
  • Hummingbird starts mine construction at Yanfolila 2016-10-11
    First concrete pouring is expected later in the month

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