Major companies operating in Burkina Faso include Endeavour Mining (Canada), Iamgold Corporation (Canada), West African Resources (Australia), Nordgold (Russia), Roxgold (now part of Fortuna Silver Mines, Canada), and Orezone Gold Corporation (Canada). These international players are key contributors to the country’s growing gold mining industry, bringing expertise and investment to the region.
Burkina Faso
Geographical LocationBurkina Faso is located in West Africa, situated in the heart of the West African Craton. This region is known for its significant mineral resources and is strategically positioned within the Sahelian zone of Africa.
Geology and Gold Potential
The country’s geology is characterized by the Birimian Supergroup, which includes the Birimian greenstone belts. These geological formations are renowned for hosting substantial gold deposits, making Burkina Faso one of Africa’s prominent gold-producing regions.
Mining Projects and Opportunities
As of 2021, the Extractive Industries Transparency Initiative (EITI) reported 13 active mining projects and 5 in development across Burkina Faso. The country's gold production totaled 67.13 metric tons (2.16 million ounces), with 66.86 metric tons from industrial operations and 0.27 metric tons from artisanal mining. With vast untapped areas, Burkina Faso offers significant potential for further gold exploration and development.
