Earnings News in Burkina Faso

Earnings news gathered from trusted sources: quarterly and annual results, guidance changes and profit warnings, for people who keep their own records

Powered byCityFalcon (opens in a new tab)

😊

GBC Ghana Online

🇧🇫

Burkina Faso’s junta leader opens first gold refinery to keep mining profits at home

Earnings

By Nana Karikari, Senior Global Affairs Correspondent Burkina Faso has officially opened its first domestic gold refinery in a push for economic sovereignty. The milestone marks a major shift for the military-led government. Authorities aim to capture a greater share of mineral wealth at home. The facility signals a decisive break from decades of exporting […]

Burkina Faso Inaugurates First Gold Refinery in Push for Resource Sovereignty

Earnings

Burkina Faso has opened its first-ever gold refinery, a major step by the military government to process more of its mineral wealth at home and reduce dependence on exporting unrefined gold. Junta leader Captain Ibrahim Traoré inaugurated the National Gold Refinery of Burkina Faso (RAFFINOR-BF) in the capital Ouagadougou on Monday. The facility, under construction since 2023, cost about 11 billion CFA francs ($19 million) and was financed by the state through the National Precious Metals Company (Sonasp) in partnership with the domestic private sector. It has an initial annual refining capacity of 164 tonnes of gold, well above the country’s recent production and is projected to expand to as much as 515 tonnes in a later phase. The plant will refine doré gold into high-purity bars (around 99.9 percent), while also handling assaying, certification, and secure storage. Authorities expect it to create roughly 100 direct jobs and more than 5,000 indirect ones. Burkina Faso ranks among Africa’s top gold producers, with output exceeding 94 tonnes last year according to the World Gold Council.

West African Resources (ASX: WAF) nears record high after A$437m profit and 20-cent dividend

DividendsEarnings

West African Resources produced A$437 million of first-half profit and A$690 million of operating cash flow, allowing the Burkina Faso gold miner to return A$229 million to shareholders while accelerating debt repayment.

18 days ago

(opens in a new tab)

Discuss this in the Community (opens in a new tab)

More Earnings News

Earnings in Andorra Earnings in United Arab Emirates Earnings in Afghanistan Earnings in Antigua and Barbuda Earnings in Albania Earnings in Armenia

Earnings News in Burkina Faso

Burkina Faso’s junta leader opens first gold refinery to keep mining profits at home

Burkina Faso Inaugurates First Gold Refinery in Push for Resource Sovereignty

West African Resources (ASX: WAF) nears record high after A$437m profit and 20-cent dividend

More Earnings News

More Topics in Burkina Faso