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Canadian miners dig deeper in West Africa
By Christophe Le Bec, Honore Banda, and Amadou Oury Diallo
The Africa Report, Paris
Thursday, February 25, 2021
In the underexplored and booming gold-mining areas of West Africa, Canadian miners are moving fast to expand their operations.
Mining firms large and small are exporting the expertise gained in their home market to Francophone West African countries where governments are keen to boost their revenue. Canada is home to gold giants like Barrick Gold, as well as minnows that are far from being household names.
... Dispatch continues below ...
American Lithium Named
to TSX Venture Exchange Venture 50
via Globe Newswire and Yahoo Finance
Wednesday, February 24, 2021
VANCOUVER, British Columbia, Canada -- American Lithium Corp. (TSX-V: LI, OTCQB: LIACF, Frankfurt: 5LA1) has been named to the 2021 TSX Venture 50, an annual ranking of top-performing listed companies on the TSX Venture Exchange.
The 2021 TSX Venture 50 is an annual ranking of the top-performing listed companies from five industry sectors: clean technology and life sciences, diversified industries, energy, mining, and technology. The selection is based on year-over-year performance across three equally weighted criteria: market capitalization growth, share price appreciation, and trading volume for the year ended December 31, 2020.
"We are very pleased to be recognized in the 2021 TSX Venture 50," said Michael Kobler, CEO of American Lithium. "The past year has seen American Lithium reach new highs as we continue to forge ahead on our large-scale TLC Lithium Project in Nevada and now that we have agreed to acquire Plateau Energy Metals to create a leading diversified lithium development company. On behalf of our Board of Directors, I thank our team at American Lithium for their hard work and our shareholders for their support along the way." ...
... For the remainder of the announcement:
"West Africa has more potential than any other region in the world. Its geology is similar to that of northern Ontario, Quebec, or Western Australia -- exceptionally prolific belts," says Richard Young, head of the Canadian mining group Teranga Gold Corp., which is active in Senegal and Burkina Faso.
The region is the third-richest gold-bearing zone in the world, after Australia and Canada. The Covid-19 pandemic has helped boost the gold price, as many investors sought safe havens for their money. The price briefly broke the $2,000/oz barrier in August 2020, before returning to the high $1,800s in November.
Three countries in the region are now among the top five African gold producers, starting with Ghana, which has become the continent's largest producer with 142 tonnes mined in 2019. This puts it ahead of South Africa (118 tonnes), Sudan (76 tonnes), Mali (61 tonnes, with 15 industrial mines in operation), and Burkina Faso (51 tonnes, 14 mines). ...
... For the remainder of the report:
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