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WEST AFRICA – THE GROWTH REGION OF WORLD GOLD PRODUCTION A new report from GFMS World Gold Paul Burton Investing in African Mining Seminar Toronto, 9 March 2010.
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WEST AFRICA – THE GROWTH REGION OF WORLD GOLD PRODUCTION A new report from GFMS World Gold Paul Burton Investing in African Mining Seminar Toronto, 9 March 2010
GFMS World Gold is an independent, mining equities research company formed in 2008 as a joint venture between GFMS and World Gold Analyst.
World gold mine production has been declining… Rest of World S. Africa, US, Australia, Canada Source: GFMS
But West African gold production is growing... t Source: GFMS
In % terms the region has seen phenomenal growth Growth in gold production 1999-2009 Source: GFMS
West African Projects 05-09 Syama, Resolute/Tabakoto, Avion Bonikro, Lihir Tasiast, Red Back Ahafo, Newmont Loulo, Randgold Source: GFMS World Gold
SPONSORS LGL Newmont Mining Randgold Resources Adamus Resources Avion Gold Gold Fields Keegan Resources Orezone Gold Perseus Mining Resolute Mining
West African Projects - Future Gounkoto (Randgold): 410 koz/y Akyem (Newmont):500 koz/y Wa (Azumah): 65 koz/y Essakane (Iamgold): 320 koz/y Central Ashanti (Perseus):230 koz/y Nzema (Adamus): 100 koz/y Tongon (Randgold): 265 koz/y) Inata (Avocet): 120 koz/y Source: GFMS World Gold
And there may be more to come • DESIGN STAGE • Massawa (Randgold) – Senegal • Agbaou (Estruscan) – Cote d’Ivoire • Tengrela (Perseus) – Cote d’Ivoire • Hire (LGL) – Cote d’Ivoire • DEFINITION STAGE • Bombore (Orezone) – Burkina Faso • Esaase (Keegan) – Ghana • Konkera (Ampella) – Burkina Faso …plus numerous exploration projects