WEST AFRICA – THE GROWTH REGION OF WORLD GOLD PRODUCTION A new report from GFMS World Gold Paul...
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Transcript of WEST AFRICA – THE GROWTH REGION OF WORLD GOLD PRODUCTION A new report from GFMS World Gold Paul...
WEST AFRICA – THE GROWTH REGION OF WORLD WEST AFRICA – THE GROWTH REGION OF WORLD GOLD PRODUCTIONGOLD PRODUCTION
A new report from GFMS World GoldA new report from GFMS World Gold
Paul BurtonPaul Burton
Investing in African Mining SeminarToronto, 9 March 2010
GFMS World Gold is an GFMS World Gold is an independent, mining independent, mining equities research equities research company formed in company formed in 2008 as a joint venture 2008 as a joint venture between GFMS and between GFMS and World Gold Analyst.World Gold Analyst.
World gold mine production has been World gold mine production has been declining…declining…
Rest of World
S. Africa, US, Australia, Canada
Source: GFMSSource: GFMS
But West African gold production is growing...But West African gold production is growing...
t
Source: GFMSSource: GFMS
In % terms the region has seen phenomenal growthIn % terms the region has seen phenomenal growth
Source: GFMSSource: GFMS
Growth in gold productionGrowth in gold production 1999-20091999-2009
West African Projects 05-09West African Projects 05-09
Loulo, Randgold
Ahafo, Newmont
Tasiast, Red Back
Bonikro, Lihir
Syama, Resolute/Tabakoto, Avion
Source: GFMS World GoldSource: GFMS World Gold
SPONSORSSPONSORSLGLLGLNewmont MiningNewmont MiningRandgold ResourcesRandgold ResourcesAdamus ResourcesAdamus ResourcesAvion GoldAvion GoldGold FieldsGold FieldsKeegan ResourcesKeegan ResourcesOrezone GoldOrezone GoldPerseus MiningPerseus MiningResolute MiningResolute Mining
West African Projects - FutureWest African Projects - Future
Source: GFMS World GoldSource: GFMS World Gold
Inata (Avocet): 120 koz/y
Essakane (Iamgold): 320 koz/yCentral Ashanti (Perseus):230 koz/yNzema (Adamus): 100 koz/yWa (Azumah): 65 koz/y
Gounkoto (Randgold): 410 koz/yAkyem (Newmont):500 koz/y
Tongon (Randgold): 265 koz/y)
• 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
And there may be more to comeAnd there may be more to come
www.gfmsworldgold.comwww.gfmsworldgold.com