Shares of gold miners B2Gold, Endeavour Mining and Randgold slid in Friday trading in the aftermath of a terrorist attack and hostage-taking at a Western hotel in the Mali capital of Bamako that killed at least 27 people. The producers are among mining companies with operations in the west African country. B2Gold had two employees staying… Continue Reading

Correction: an earlier version of this post said Mr. MiLau was CEO at Endeavour Mining. That was a typo. He was Endeavour’s CFO. Apologies. West African gold developer True Gold Mining (TSX:TGM), which is building the Karma gold mine in Burkina Faso, has appointed Christian Milau, an executive with relevant experience, to lead the company. Mr. Milau… Continue Reading

With construction under way at the Karma project True Gold Mining (TGM.V) has released a PEA on its North Kao Deposit, showing that it contains 312,000 inferred gold ounces at a grade of .98 grams per tonne. As the North Kao deposit is located in close proximity to the planned Karma processing facilities the economics… Continue Reading

Plenty to smile about… Vancouver, Canada mining executive Mark O’Dea beat out Endeavour Silver’s Bradford Cooke and Fission Uranium’s Dev Randhawa to win Ernst & Young’s Entrepreneur of the Year Award in the mining category last night. Here’s the BCBusiness story and event photos. While a crippling downturn has crushed the Vancouver mining community in… Continue Reading

Low capital intensity projects with good operating margins continue to find financing solutions despite the overall equity markets in the mining sector remaining at stagnant levels.  Mark O’Dea’s West African gold developer, True Gold (TGM:TSX) fits this description and two of the major gold royalty companies agree. Last night, Franco-Nevada and Nolan Watson’s Sandstorm Gold… Continue Reading

“Executive with a knack for finding funding adds ‘gold mine builder’ to his resume” James Kwantes of Vancouver Sun is easily one of the best junior mining writers. He has a knack for narrative and finding high quality stories to write about, as is the case with the Mark O’Dea profile published Tuesday evening. Here’s the… Continue Reading

Dr. Mark O’Dea’s West African gold developer, True Gold Mining (TGM:TSXV) has released the findings of their recently completed construction-level engineering plan and design work that has identified $9.7 million of capex savings at the Karma gold project.  This represents a potential saving of roughly 7% from the current (and already low) $131.5 million identified in the feasibility… Continue Reading

Mark O’Dea’s True Gold Mining Inc. (TGM) remained unchanged at 37.5 cents on 370,000 shares. The company has begun building a $132-million gold mine at its Karma project in Burkina Faso. To commemorate the occasion, the company invited 1,500 locals to the mine site last week for a groundbreaking ceremony. There, Naaba Keba, the region’s… Continue Reading

TGM data by YCharts True Gold Mining (TGM:TSXV) has support from some of the biggest and brightest resource investors, including their Chairman Dr. Mark O’Dea, Canadian mining behemoth Teck Resources and giant US mutual fund Liberty Mutual.  Today, the company announced it has closed a total of $51.9 million in equity. This financing makes the company’s flagship… Continue Reading

Last week, True Gold (TGM:TSX) announced a $36.6 million bought deal at a price of $0.40 (half warrant at $0.47).  The deal was led by RBC Capital Markets and included BMO and Haywood.  RBC was rated the top advisor for Canadian M&A for the third straight year (Bloomberg).  Sources tell us, it is close to… Continue Reading

VANCOUVER, CANADA – FRIEND OR FOE, TAKE THE DOUGH… Mark O’Dea’s True Gold Mining has just announced a $36.6-million bought deal financing with RBC Capital Markets of $0.40 units with a half warrant at $0.47 good for six months. Concurrently, Liberty Metals and Mining, True Gold’s largest shareholder, has has elected to exercise their participation… Continue Reading

Today was a good day for two West African gold miners with head offices in Canada. Endeavour Mining (TSX:EDV) declared commercial production at their Agbao mine in Côte d’Ivoire, which is that company’s fourth gold mine in West Africa. Ivorian Prime Minister Mr. Daniel Kablan Duncan was on hand for the ribbon cutting ceremony and convention signing… Continue Reading

West African gold developer, True Gold Mining (TGM:TSX), is developing one of the most intriguing gold projects held by a junior cap company, and has received its final exploitation permit for the company’s Karma gold project in Burkina Faso.  This represents the final permitting hurdle after announcing, earlier this month, that they had received the environmental go ahead… Continue Reading

Only a few days after receiving the environmental nod from Burkina Faso authorities for one of their deposits and after coming off a late 2013 which included receiving their main environmental permit as well as releasing a robust feasibility study, True Gold (TGM:TSXV) announced this morning that it plans to begin phase 2 construction of… Continue Reading

Mark O’Dea’s West African gold development play, True Gold Mining (TGM:TSX) released a robust feasibility study for the Karma gold development project in Burkina Faso.  At $1,250 per ounce gold, the project provides an after-tax NPV(5%) of $180 million and a 43.1% IRR (TGM’s netted amount).  This provides for a payback of the initial $131.5… Continue Reading