business plan for hard rock gold mines in ghana

guskin golds initial report on the kukuom concession gold project in ghana, africa | morningstar

SAN JOSE, CA, June 30, 2021 (GLOBE NEWSWIRE) -- Guskin Gold Corp. (OTC: GKIN) (Guskin Gold or the Company) is pleased to release an initial report on the Kukuom Concession (the Concession) gold project located in Ghana, Africa.

The Sefwi-Bibiani Gold Belt The Kukuom Concession is located in the highly renowned Sefwi-Bibiani gold belt. Known gold producers including Newmont, Kinross, Anglogold Ashanti and Asanko Gold, and are all within 100km of the Kukuom project area.

Historical production in the Sefwi-Bibiani gold belt include Newmont's world class Ahafo Mine with over 17 million ounces of gold, Kinross Chirano Mine at 5 million ounces, and the historic Bibiani Mine with 7 million ounces.

The Sefwi-Bibiani Gold Belt is a 40 to 60 km wide typical Birimian volcanic belt, striking 220km in Ghana and extends SW to the coast in Cote d'Ivoire. It is located north of, and parallel to, the prolific Ashanti Gold Belt, which hosts many of Ghana's active producing gold mines.

The Kukuom Concession gold project is a Joint Venture Partnership with Africa Exploration & Minerals Group Limited (AEMG) whereby Guskin Gold has an option to earn a 50% ownership in the operations for gold and other precious metal exploration and mining activities, as previously announced on June 6, 2021.

Guskin and AEMG are currently working towards mobilizing equipment and readying the site for further development of mining operations and gold production from alluvial deposits on the Concession, and the continued exploration and deposit delineation of the hard rock potential.

Remote sensing surveys carried out over the property produced a strong priority target anomaly with a North to South axis measuring 1,170 meters and a West to East axis 1,052 meters, or 1,230,840 sq/meters with an estimated 19 thickness or approx. up to 6,293,109 tons of target material.

Gold has a nuclear magnetic resonance frequency of 1.754 Hz which can be captured through satellite scanning using the electromagnetic spectrum or (EMS). This energy signature is further isolated through proprietary algorithms and identifies locations where gold is most concentratedand prevalent.

The Target Open PitThe open pit is characterized by variably degraded laterite to residual soil profiles with minor caps of indurated ferro-duricrust. The property is underlain by three main lithologies; granitoids, volcanic sediments, and volcaniclastics units which show evidence of later shear zone intrusions exhibiting quartz veins with promising mineralization including sulphides, altered garnet and sericite. The shearing and quartz stockworks are particularly well developed at number of exposed veins in the initial pit area developed (as shown exposed here in Vein 55).

2021 Work Program Phase I of the 2021 work program includes the removal of the lateritic overburden layer believed to contain up to approximately 0.80 gram / ton (on average) down to bedrock and processing of the material to exploit alluvial gold and fund the Phase II hard rock drill program.

Our work program is set out to generate immediate cash flow for the Company from the alluvial mining efforts, and to continue the development of the hard rock deposit to verify and validate the size of the hard rock opportunity and create a follow up plan to exploit the properties full potential, states Mrs. Naana Asante, CEO of Guskin Gold.

Guskin Gold Corp. (OTC: GKIN) is a junior mining company publicly traded in the United States, with its head office in Santa Clara, California. Guskin is focused on gold exploration and alluvial mining in Ghana, the number one gold producer in Africa and seventh largest gold producing country in the world. The companys leadership team is world class. Many are native to Ghana, all offer specialized expertise in the business of gold exploration, mining, public markets, and finance. And all are passionately committed to the success of the company, our partners, and investors. For additional information please visit www.guskingold.com.

This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, securing necessary financing, the future of the U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations pertaining to the mining and exploration of mineral properties. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

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guskin golds initial report on the kukuom concession gold

SAN JOSE, CA, June 30, 2021 (GLOBE NEWSWIRE) -- Guskin Gold Corp. (OTC: GKIN) (Guskin Gold or the Company) is pleased to release an initial report on the Kukuom Concession (the Concession) gold project located in Ghana, Africa.

The Sefwi-Bibiani Gold Belt The Kukuom Concession is located in the highly renowned Sefwi-Bibiani gold belt. Known gold producers including Newmont, Kinross, Anglogold Ashanti and Asanko Gold, and are all within 100km of the Kukuom project area.

Historical production in the Sefwi-Bibiani gold belt include Newmont's world class Ahafo Mine with over 17 million ounces of gold, Kinross Chirano Mine at 5 million ounces, and the historic Bibiani Mine with 7 million ounces.

The Sefwi-Bibiani Gold Belt is a 40 to 60 km wide typical Birimian volcanic belt, striking 220km in Ghana and extends SW to the coast in Cote d'Ivoire. It is located north of, and parallel to, the prolific Ashanti Gold Belt, which hosts many of Ghana's active producing gold mines.

The Kukuom Concession gold project is a Joint Venture Partnership with Africa Exploration & Minerals Group Limited (AEMG) whereby Guskin Gold has an option to earn a 50% ownership in the operations for gold and other precious metal exploration and mining activities, as previously announced on June 6, 2021.

Guskin and AEMG are currently working towards mobilizing equipment and readying the site for further development of mining operations and gold production from alluvial deposits on the Concession, and the continued exploration and deposit delineation of the hard rock potential.

Remote sensing surveys carried out over the property produced a strong priority target anomaly with a North to South axis measuring 1,170 meters and a West to East axis 1,052 meters, or 1,230,840 sq/meters with an estimated 19 thickness or approx. up to 6,293,109 tons of target material.

Gold has a nuclear magnetic resonance frequency of 1.754 Hz which can be captured through satellite scanning using the electromagnetic spectrum or (EMS). This energy signature is further isolated through proprietary algorithms and identifies locations where gold is most concentratedand prevalent.

The Target Open PitThe open pit is characterized by variably degraded laterite to residual soil profiles with minor caps of indurated ferro-duricrust. The property is underlain by three main lithologies; granitoids, volcanic sediments, and volcaniclastics units which show evidence of later shear zone intrusions exhibiting quartz veins with promising mineralization including sulphides, altered garnet and sericite. The shearing and quartz stockworks are particularly well developed at number of exposed veins in the initial pit area developed (as shown exposed here in Vein 55).

2021 Work Program Phase I of the 2021 work program includes the removal of the lateritic overburden layer believed to contain up to approximately 0.80 gram / ton (on average) down to bedrock and processing of the material to exploit alluvial gold and fund the Phase II hard rock drill program.

Our work program is set out to generate immediate cash flow for the Company from the alluvial mining efforts, and to continue the development of the hard rock deposit to verify and validate the size of the hard rock opportunity and create a follow up plan to exploit the properties full potential, states Mrs. Naana Asante, CEO of Guskin Gold.

Guskin Gold Corp. (OTC: GKIN) is a junior mining company publicly traded in the United States, with its head office in Santa Clara, California. Guskin is focused on gold exploration and alluvial mining in Ghana, the number one gold producer in Africa and seventh largest gold producing country in the world. The companys leadership team is world class. Many are native to Ghana, all offer specialized expertise in the business of gold exploration, mining, public markets, and finance. And all are passionately committed to the success of the company, our partners, and investors. For additional information please visit www.guskingold.com.

This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, securing necessary financing, the future of the U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations pertaining to the mining and exploration of mineral properties. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

grmc golden rocks minerals company, ghana

We are a company that is focused on gold and precious minerals trading. Ghana is Africas number two gold producer and ninth in the World, and hosts over 10 million ounce gold deposits, including Obuasi, Tarkwa, and Ahafo. Founded in a competitive market, we are also focused to sell rich precious metals, including gold, silver, and other minerals to buyers worldwide. This includes those within the jewellery industry and many others.

We are a company that exports gold as a part of its comprehensive gold trading and export services under our licence to several destinations across Asia, Middle-East and Europe. All shipments are done through laid down quality checks in collaboration with other world class refineries and accompanied by all relevant documentation to ensure safe and easy customs clearance at destination.

Established as a gold exploration and mining company in Ghana, West Africa. With one hundred plus (100+) gold concessions located in Ghanas prolific gold mining belts of Ashanti Region, the companys near-term objective is to process its above ground tailing stockpile along with developing its small scale alluvial mines and, over time, develop its large scale alluvial and hard rock mines to become one of Ghanas larger gold producers.

Golden Rocks Minerals Company is established as a standard and licensed gold mining and Export Company that is based in the Obuasi enclave in the Ashanti Region of Ghana. Golden Rocks Minerals Company (GRMC) is a 100% owned Ghanaian Company licensed by the Minerals Commission of Ghana. Established as a gold exploration and mining company in Ghana, West Africa. With over one hundred plus (100+) gold concessions located in Ghanas prolific gold mining belts of Ashanti Region, the companys near-term objective is to process its above ground tailing stockpile along with developing its small scale alluvial mines and, over time, develop its large scale alluvial and hard rock mines to become one of Ghanas leading gold producers.

gold mining business plan [sample template for 2021]

Do you want to start a gold mining company? If YES, here is a detailed sample small scale gold mining business plan template & feasibility report.There are money spinning businesses that are monopolized by wealthy people and accredited investors and one of such businesses is operating a gold ore mine.

The gold ore mining business is indeed a profitable business, but you must be ready to scale through very high barriers before launching this type of business. If you have conducted your market research and feasibility studies, the next step to follow is to write a detailed blueprint of how you intend raising your seed capital, setting up the business, managing the flow of the business, sorting out tax and marketing your services amongst others.

Players in the Gold and Silver Ore Mining industry primarily mine gold and silver-bearing ores. Mining activities include the development of mine sites and the on-site processing of ore into a concentrate or bullion. Gold and silver ore mining companies typically retain ownership of the semi-processed gold or silver products and pay for further refining on a toll-charge basis.

If you are an observer of the Gold and Silver Ore Mining industry, you will notice that the industry revenue is largely a function of production volume and commodity prices. For the Gold and Silver Ore Mining industry, output volumes and sales prices for both gold and silver have fallen over the past five years, leading to significant industry contraction.

Meanwhile, demand from manufacturers of electrical equipment, electronic products and jewelry, which comprises the industrys primary markets, has stagnated or even declined over the past five years as a result of high import penetration and input costs. Overall, industry revenue is expected to decline over the five years to 2017.

In the united states of America, the industry generates over $9 billion annually from more than 162 gold and silver ore mining companies scattered all around the country. The industry is responsible for the employment of over 14,282 people. Experts project the industry to grow at a -9.0 percent annual rate. Barrick, Kinross Gold and Newmont are the market leaders in this industry in the United States of America; they have the lion market share in the industry.

A recent report published by IBISWorld shows that the five years to 2017 have been volatile for the Gold and Silver Ore Mining industry. The report further stated that the industry revenue spiked until 2012, proving this industry to be one of the few that benefited from the financial crisis, as well as the years of economic instability that followed.

In times of economic turmoil, investors look to buy safe-haven assets such as gold and silver, causing gold and silver prices to surge. This helped industry revenue to grow through to 2012. In fact, strong demand from domestic and international investors drove gold prices to all-time highs. Furthermore, an undersupply of gold due to decreased industry production in the 2000s further contributed to the spike in prices.

If you are considering starting a gold mining business whether on a small scale or on a large scale, then you should ensure that you obtain all the necessary permits from the local, state and federal government. The truth is that this type of business does pretty well when it is strategically positioned.

In summary, gold mining business is a profitable business venture and it is open for any aspiring entrepreneur to come in and establish his or her business; you can choose to start on a small scale on a large scale with robust distribution networks all across the United States of America and other countries of the world.

Our business goal as a gold mining company is to become the number one choice of jewelry making companies and other companies that make use of gold and silver in the United States and other countries of the world. As a business, we are willing to go the extra mile to invest in owning our own environmentally friendly gold and silver mines and also to hire efficient and dedicated employees.

We have been able to secure permits and licenses from all relevant departments both at the local government and state level in the United States of America. TTK Gold Mining Company is set to redefine how a standard gold mining business should be run all across the world. This is why we have put plans in place for continuous training of all our staff.

The demand for gold and silver is not going to plummet any time soon which is why we have put plans in place to continue to explore all available market around the United States and other countries of the world. In the nearest future, we will ensure that we create a wide range of distribution channels all across the United States of America and other countries of the world.

TTK Gold Mining Company will at all-time demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will ensure that we hold ourselves accountable to the highest standards by meeting our customers needs precisely and completely.

TTK Gold Mining Company is a partnership business that will be jointly owned by Tony Kenneth, Tyson Barker and Karis Murphy. Tony Kenneth who is the Chief Executive Officer of the Company has a Degree in Mining Technology with over 10 years experience working in related industry as a senior manager cum mining engineer prior to starting TTK Gold Mining Company. He will be working with a team of professionals to build the business and grow it to enviably heights.

TTK Gold Mining Company is established with the aim of maximizing profits in the gold and silver mining industry. We want to compete favorably with leaders in the industry which is why we have but in place a competent team that will ensure that our products are of high standard.

We will work hard to ensure that TTK Gold Mining Company is not just accepted in the United States of America, but also in other countries of the world where we intend supplying our products. Our products are listed below;

As part of our plan to build a top flight gold mining company in Boise County Idaho that will favorably compete with leaders in the industry, we have perfected plans to get it right from the onset which is why we are going the extra mile to ensure that we have competent employees to occupy all the available positions in our company.

Due to our drive for excellence when it comes to running a standard gold mining company, we were able to engage some of the finest business consultants in the United States of America to look through our business concept and together we were able to critically examine the prospect of the business and to assess ourselves to be sure we have what it takes to run a standard gold mining business that can compete favorably in the industry.

In view of that, we were able to take stock of our strengths, our weakness, our opportunities and also the threats that we are likely going to be exposed to in the United States of America. Here is a of what we got from the critically conducted SWOT Analysis for TTK Gold Mining Company;

Another factor that counts to our advantage is the background of our Chief Executive Office; he has a robust experience in the industry and also a pretty good academic qualification to match the experience acquired which has placed him amongst the top flight players in the gold and silver mining industry. We are not ignoring the fact that our team of highly qualified and dedicated workers will also serve as strength for our organization.

We do not take for granted the facts that we have weaknesses. In fact, the reality that we are setting up a gold mining company in the United States might pose a little challenge. In essence our chosen location might be our weakness.

The opportunities available to us are unlimited. There are loads of jewelry making companies and other manufacturing companies that make use of raw gold all across the globe and all what we are going to do to push our products to them is already perfected.

The threat that is likely going to confront us is the fact that we are competing with already established gold mining companies in the United States and other countries of the world. Of course, they will compete with us in winning over the available market. Another threat that we are likely going to face is unfavorable government policies and economic downturn.

Gold and silver mining is a lucrative business in the United States and Canada and in looking at the trends of these mega countries over the course of golds bull, it is apparent that the results vary quite substantially; and China and Russia that have experienced the biggest growth over this stretch. China in particular has carved out an incredible growth story, with its production volume up a staggering 92 percent since 2001.

Talking about the two North American land giants, their gold-mining trends have been ugly over the last decade or so. Incredibly, both the US and Canada have seen output fall by nearly a third to 2011s respective tallies of 237mt and 110mt. Their mature gold-mining infrastructures were just decimated by the secular bear that preceded the current bull.

Up until the 1990s the US and Canadas gold-mining industries operated like well-oiled machines, with the miners consistently putting forth sizeable capital towards exploration and development. Exploration was successful in renewing and growing the reserves that were being mined, and continual expansion and new development sustained and even grew production.

It is common trend in the gold and silver ore mining line of business to find mining companies positioning their business in locations and communities where they can easily have access to mines and of course cheap labor. If you make the mistake of positioning this type of business in a location where you would have to travel a distance before you can access gold and silver mines, then you would have to struggle to make profits and maintain your overhead and logistics.

Also, another trend in this line of business is that most registered and well organized mining companies look beyond the market within their locations or state; they ensure that they strike business deals with leading jewelry making companies in the United States of America and other countries of the world.

The truth is that if as a gold mining company you are able to become a vendor to one or more jewelry making giants in the United States of America or in other countries of the world, you will always continue to smile to the bank.

When it comes to supplying product from gold and silver mines, there is indeed a well-defined market. This goes to show that the target market for products from gold mining companies is far reaching. In view of that, we have conducted our market research and we have ideas of what our target market would be expecting from us. We are in business to engage in supply of raw gold and silver to the following organizations;

As a standard and licensed gold mining company, we know that gaining a competitive edge requires a detailed analysis of the demographics of the surrounding area and the nature of the existing competitors. And even if you are successful at first, new competitors could enter your market at any time to steal your regular customers. Hence we will not hesitate to adopt successful and workable strategies from our competitors.

Another competitive advantage that we have is the vast experience of our management team; we have people on board who understand how to grow a business from the scratch to becoming a national phenomenon. Our large and robust distribution network and of course our excellent customer service culture will definitely count as a strong strength for the business.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

One thing is certain when it comes to gold and silver mining, if your business is strategically positioned and you have good relationship with players in the jewelry manufacturing industry, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

We are well positioned to take on the available market in and around the United States of America and we are quite optimistic that we will meet our set target of generating enough profits from the first six months of operation and grow the business and our clientele base.

We have been able to critically examine the gold and silver ore mining line of business, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in the United States of America.

Below are the sales projections for TTK Gold Mining Company, it is based on the location of our business and other factors as it relates to small scale and medium scale gold and silver mining company startups in the United States of America;

N.B: This projection was done based on what is obtainable in the industry and with the assumption that there wont be any major economic meltdown and there wont be any major competitor offering same product and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Before choosing a location to start TTK Gold Mining Company, we conducted thorough market survey and feasibility studies in order for us to penetrate the available market in the United States of America. We have detailed information and data that we were able to utilize to structure our business to compete with other gold and silver mining companies.

We hired experts who have good understanding of the gold and silver ore mining line of business to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market.

Regardless of the fact that our gold mining company can favorably compete with other leading mining companies in the United States of America and in any part of the world, we will still go ahead to intensify publicity for all our products and brand.

TTK Gold Mining Company has a long term plan of exporting our product all across the United States of America and other countries of the world. This is why we will deliberately build our brand to be well accepted in Boise County Idaho before venturing out to other cities all across the United States of America and other countries of the world.

As a matter of fact, our publicity and advertising strategy is not solely for selling our products but to also effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise TTK Gold Mining Company;

At TTK Gold Mining Company we will keep the prices of our products below the average market rate by keeping our overhead low and by collecting payment in advance from well established jewelry manufacturing companies that would require constant supply of raw gold and silver.

The payment policy adopted by TTK Gold Mining Company is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

In view of the above, we have chosen banking platforms that will enable our clients make payment for our gold and silver without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

From our market survey and feasibility studies, we have been able to come up with a detailed budget of how to achieve our aim of establishing a standard and highly competitive gold mining company in the United States of America and here are the key areas where we will spend our startup capital on;

No matter how fantastic your business idea might be, if you dont have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a gold and silver mining business.

TTK Gold Mining Company is a partnership business that is owned and financed by Tony Kenneth, Tyson Barker and Karis Murphy. They do not intend to welcome any external business partner which is why they decided to restrict the sourcing of startup capital to 3 major sources.

N.B: We have been able to generate about $500, 000 (Personal savings $400, 000 and soft loan from family members $100, 000) and we are at the final stages of obtaining a loan facility of $1.5 million from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

The future of a business lies in the number of loyal customers that they have the capacity and competence of their employees, their investment strategy and their business structure. If all of these factors are missing from a business, then it wont be too long before the business close shop.

One of our major goals of starting TTK Gold Mining Company is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to supply our raw gold and silver a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

TTK Gold Mining Company will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our companys corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

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tab-forest mines ltd

Established in 2010, TAB-Forest Mining,Ltd is a gold exploration and mining company in Ghana, West Africa. With one hundred plus (100+) gold concessions, including fifteen (15) large scale concessions and over one point two million plus (1,200,000+) tons of above ground tailings, located in Ghanas prolific gold mining belts, the companys near-term objective is to process its above ground tailing stockpile along with the develop its small scale alluvial mines and, over time, develop its large scale alluvial and hard rock mines to become one of Ghanas larger gold producers.

TAB-Forest has extensive gold mining expertise in its executive and operational ranks. The company has close ties with Ghanas governmental agencies and the Ghana National Association of Small Scale Miners, and is actively working on partnerships to help all of Ghanas small scale miners create prosperous projects that will benefit the Ghanaian economy. TAB-Forest has a committed concern for the indigenous people and local environment and has committed to investment in the local communities.

Gerald is TAB-Forest Mines, Limited largest U.S. shareholder, is a strategic thought leader working daily on driving the direction of

Albert, is TAB-Forest Mines, Limited largest shareholder, he oversees all Ghanaian operations. Albert has over 20 years of business

Franco is experienced business development and organizational management professional with vast experience in talent acquisition, training,

TAB-Forest conducts all business within the rule of law and works with only the most reputable partners. Click the picture or the "Read

top 10 largest gold mines in africa in 2020 - report | kitco news

1. Kibali, DRC. 808 koz. Kibali is the biggest gold mine in Africa, located in the northeast of the Democratic Republic of Congo (DRC), approximately 220 kilometres east of the capital of the Haut Uele province, Isiro, 150 kilometres west of the Ugandan border town of Arua and 1,800 kilometres from the Kenyan port of Mombasa. The mine is owned by Kibali Goldmines SA (Kibali) which is a joint venture company effectively owned 45% by each of Barrick and AngloGold Ashanti, and 10% by Socit Minire de Kilo-Moto (SOKIMO). The mine is operated by Barrick.

2. Loulo Gounkoto, Mali. 680 koz. The Loulo-Gounkoto complex comprises two distinct mining permits, Loulo and Gounkoto, and is situated in western Mali, bordering Senegal and adjacent to the Falm River. Socit des Mines de Loulo SA (Loulo) owns the Loulo gold mine, and Socit des Mines de Gounkoto (Gounkoto) owns the Gounkoto gold mine. Both Loulo and Gounkoto are owned by Barrick (80%), and the State of Mali (20%).

3. Fekola, Mali. 623 koz. B2Golds Fekola mine is located in southwestern Mali on the border between Mali and Senegal, about 210 km south of Kayes and approximately 40 km south of the city of Kniba. The Fekola deposit and Anaconda area are hosted in Birimian Supergroup rocks within the eastern portion of the Paleo-Proterozoic KdougouKniba inlier, which covers eastern Senegal and western Mali.

4. Geita, Tanzania. 623 koz. Geita, one of AngloGold Ashantis flagship mines, is located in north-western Tanzania, in the Lake Victoria goldfields of Mwanza region, about 120km from Mwanza and 4km west of the town of Geita. It has been in operation as a large-scale mine since the 1930s. The Geita gold deposit is mined as a multiple open-pit and underground operation (since 2016) and will continue to operate as such until the entire economic open-pit Mineral Resource is exhausted. The mine is currently serviced by a carbon-in-leach processing plant with an annual capacity of 5.1Mt.

5. Tarkwa, Ghana. 526 koz. Gold Fields Tarkwa mine is located near the southern end of what is commonly referred to as The Tarkwa Basin, 300 km by road west of Accra, the capital of Ghana. The Tarkwa mine operates under mining leases covering a total area of approximately 20,800 ha. Mining activities around Tarkwa date back to the late 19th century. Gold Fields Ghana operated the underground mine which exploited the Main and West auriferous conglomerates (reefs) of the Banket Series of the Tarkwaian System.

6. Ahafo, Ghana. 480 koz. Newmonts Ahafo mine is located along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in Ghana. The mine is in the Ahafo region, approximately 307 Kilometers northwest from the national capital city of Accra. Commercial production at Ahafo began in 2006. Ahafo has two primary ore zones: Ahafo South and Ahafo North. Mining is currently underway at Ahafo South. In November 2018, Subika, a new underground mine which was completed on schedule and within budget, achieved commercial production, adding higher-grade, lower cost gold production at Ahafo south.

7. Sukari, Egypt. 452 koz. Centamins Sukari mine or Alsukari mine is a gold mine located in the Nubian Desert/Eastern Desert near the Red Sea in Egypt. Sukari is Egypts sole gold-exporting mine and the first large-scale modern gold operation in the North African nation. Sukari is a low cost, bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160km2 tenement.

8. Tasiast, Mauritania. 407 koz. Kinross Tasiast is an open-pit gold mine located about 300km north of Nouakchott and 162km east-south-east of Noudhibou in the north-western Mauritania. Tasiast is advancing the 24k project, which is expected to increase production and reduce costs at the mine.

9. Essakane, Burkina Faso. 404 koz. IAMGOLDs Essakane mine is located in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 km northeast of the capital, Ouagadougou. IAMGOLD commenced management of the Essakane project following the acquisition of Orezone Resources in February 2009. Essakane began commercial production in July 2010. The plant expansion to accommodate a substantial increase of hard rock, was completed on time at the end of 2013.

10. Akyem, Ghana. 371 koz. Akyem is an open-pit gold mine located in Birim North District in the Eastern region of Ghana. Newmont obtained the mining lease for Akyem in 2010 and began commercial production in 2013. Akyem began construction in 2011 and achieved commercial production on schedule and below budget in October 2013. The operation currently employs more than 1,900 direct employees and contractors.

Mine Country Major owner / operator 2020 Au output, koz 2019 Au output, koz Change, % 1 Kibali DRC Barrick / AngloGold Ashanti 808 813 -1 2 Loulo Gounkoto Mali Barrick 680 715 -5 3 Fekola Mali B2Gold 623 456 37 4 Geita Tanzania AngloGold Ashanti 623 604 3 5 Tarkwa Ghana Gold Fields 526 519 1 6 Ahafo Ghana Newmont 480 643 -25 7 Sukari Egypt Centamin 452 481 -6 8 Tasiast Mauritania Kinross 407 391 4 9 Essakane Burkina Faso IAMGOLD 404 409 -1 10 Akyem Ghana Newmont 371 422 -12