Canada’s Roxgold Unveils Stunning Grand Opening of Ivory Coast Gold Mine
Canada’s Roxgold Unveils Stunning Grand Opening of Ivory Coast Gold Mine: The goal of Canada’s Roxgold mine, which started on Friday, is to produce around 130,000 ounces of gold annually. The mine is located in the northwest of Ivory Coast.
The CEO of Roxgold, Jorge Ganoza, told reporters, “We have more than ten years of mining production ahead of us at Seguela and our ambition is to continue exploring and developing here.”
The commercial hub of Abidjan is about 500 kilometers north of the Seguela gold mine.
The world’s largest producer of cocoa, Ivory Coast, is working to diversify its revenue streams by expanding its long-neglected mining industry in West Africa.
According to Mamadou Sangafowa Coulibaly, the minister of mines for Ivory Coast, the country’s gold production is predicted to increase to 50 tonnes annually from 48 tonnes in 2022.
In order to construct the mine, the business spent over 78 billion CFA francs ($127 million), he said.
The minister said that a gold mine in the northeast town of Dabakala would open in November, while another in the Daloa region’s center-west would open the following year.
A few more mining firms with operations in the Ivory Coast include Perseus Mining (PRU.AX), Endeavour (EDV.AX), and Barrick Gold (ABX.TO).
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