The Government of Burkina Faso has officially communicated with West African Resources Limited, an Australian mining company, that it plans to increase its stake in the Kiaka gold mine to 40%, up from 15%, in a move that comes as the Australian-listed producer projects a sharp increase in output from its West African operations. 490,000 ounces of gold is 13,891 kilograms of gold in 2026.
In Liberia, Bea Mountain is producing at least 900 kilograms of gold every month which is 10,800 kilograms of gold in 2026. But Bea Mountain pays just 3% in royalties amid heightened underdevelopment and hardship in Grand Cape Mount county and across Liberia.
More details to follow.
