Galiano Gold owns a 90% interest in the Asanko Gold Mine located in Ghana, West Africa. The remaining 10% is a free-carried interest owned by Ghana's government. As illustrated by B2Gold's and Barrick's disputes in Mali, or by Gold Fields' permitting issues with the Damang Mine in Ghana, West Africa's attitude towards foreign mining companies is changing. In an environment of surging gold prices, the financial incentives for local governments to play games with mining laws may be increasing.
Endeavour Mining is undervalued due to perceived jurisdictional risks in West Africa, despite strong fundamentals and superior management. The company benefits from low costs, streamlined permitting, and significant exploration potential in West Africa. Recent operational successes at Lafigué and Sabodala-Massawa position Endeavour for increased shareholder returns and debt reduction.
| Metals & Mining Industry | Materials Sector | Mr. Richard Hyde B.Sc., MAIG, MAusIMM CEO | OTC PINK Exchange | AU000000WAF6 ISIN |
| AU Country | 729 Employees | - Last Dividend | - Last Split | - IPO Date |
West African Resources Limited is a distinguished entity committed to the exploration, acquisition, and development of gold projects within the fertile terrains of West Africa. Established in 2006 and headquartered in Subiaco, Australia, the company focuses predominantly on mining and mineral processing activities in the region. Holding a significant 90% interest in the prominent Sanbrado Gold Project, along with the Kiaka gold project both situated in Burkina Faso, West African Resources Limited is a key player in the gold mining sector. The company also fully owns the exploration license for the Toega Gold Project, also located in Burkina Faso, demonstrating a strong foothold and continuous expansion in its operations throughout West African gold-rich areas.
Located in Burkina Faso, the Sanbrado Gold Project is one of the cornerstone projects under West African Resources Limited, with the company having a substantial 90% interest. This project emphasizes the commitment of the company towards the extraction and processing of high-grade gold, thereby contributing significantly to its portfolio and the broader gold mining industry in West Africa.
Also situated in Burkina Faso, the Kiaka Gold Project represents another major venture for the company, reflecting its strategy to explore and develop gold resources in the region. Holding a 90% interest in this project, West African Resources Limited underscores its role and potential in contributing to the gold mining sphere through effective exploration and development practices.
The Toega Gold Project stands out as a fully owned exploration endeavor by West African Resources Limited in Burkina Faso. This project showcases the company’s commitment to expanding its gold exploration and mining activities beyond established projects, underlining its dedication to uncovering new gold resources and opportunities within West Africa.