Issue link: http://resourceworld.uberflip.com/i/102869
revised estimate consists of measured and indicated resources of 68.92 million tonnes averaging 1.73 g/t gold, for 3.83 million oz with inferred resource of 22.23 million tonnes averaging 1.75 g/t gold, for 1.25 million ounces. A revised pre-feasibility study should be completed in early 2013. Kinross Gold Corp. [K-TSX; KGC-NYSE] operates the Ghana-located Chirano gold mine, which comprises several open pits and one underground operation. Output for Q2 2012 stood at 63,660 oz gold compared with 75,906 oz gold produced in Q1 2012. The decline resulted from lower plant throughput, which was due to crusher and mill maintenance issues and periodic electric power outages. Kinross acquired a 100% interest in the Tasiast gold mine in September 2010 upon acquiring Red Back Mining. The Tasiast Mine is an open pit operation located in north-west Mauritania. Gold equivalent production for 2011 was 200,619 oz. Proven and probable reserves are 7.46 million oz. La Mancha Resources Inc. [LMA-TSX] has a 45.9% interest in the open pit Ity gold mine in Côte d'Ivoire that has been in production since 1991 with significant mine life remaining. For 2011 gold production attributable to La Mancha was 16,860 oz. The 2012 expected attributable gold production is up to 31,000 oz. Attributable measured and indicated gold resources total 296,100 oz grading 3.45 g/t gold. The company has interests in five earlier stage gold projects in Côte d'Ivoire. Newmont Mining Corp. [NMC-TSX; NEM-NYSE] operates the Ahafo gold mine in Ghana. Production for Q2 2012 stood at 132,000 oz gold compared with 146,000 oz gold in Q2 2011. The decline was due to lower mill throughput and grade, although this was partially offset by a higher recovery rate. Newmont is also developing the Ghana-located Akyem gold project. Orezone Gold Corp. [ORE-TSX] is advancing the Bomboré and Bondi gold projects in Burkina Faso. On August 27, the company updated Bomboré's resources; measured and indicated levels are 125 million tonnes at 1.03 g/t gold, for 4.13 million oz gold contained. On September 4, the 22 www.resourceworld.com company announced encouraging results from recent drill campaigns and an updated resource estimate based on the new data is planned for Q1 2013. Orezone also holds two uranium exploration permits in Niger. Oromin Explorations Ltd. [OLE-TSX; OLEPF-OTCBB] holds a 43.5% stake in Oromin Joint Venture Group (OJVG), with Bendon International holding 43.5% and Badr Investment and Finance 13%. OJVG wholly-owns the OJVG gold property in Senegal. Work is underway on updating the project's resources, factoring in results from 250 holes drilled since resource levels were outlined in May 2011. Measured and indicated levels currently comprise 3.3 million oz gold contained. Papillon Resources Ltd. [PIR-ASX] released an initial resource estimate for Mali-located Fekola gold project in July. Using a 1 g/t gold cut-off, the project comprises 3.14 million oz gold contained at an average grade of 2.4 g/t gold. On September 26, the company released its latest drill results, including details of hole FKD 014, which intersected 11.61 g/t gold over 38 metres. On September 11, Papillon announced it had increased its stake in the project to 90%, up from 80%. It acquired the additional 10% from Songhoi Resources. Papillon also holds several exploratory permits in southern Mali. Pelangio Exploration Inc. [PX-TSXV; PGXPF-OTC] is exploring the Manfo and Obuasi projects located in Ghana. The company is earning into a 100% option agreement for Manfo. On August 27, it announced results from drilling at Manfo's Nkansu Zone. Results included hole SGDD-201, which intersected 0.57 g/t gold from 39-109 metres. On September 26, Pelangio announced the discovery of a seventh mineralized zone and additional drill results were released, including hole SODD-250, which intersected 1.78 g/t gold from 19-34 metres. PMI Gold Corp. [PMV-TSXV; PVMASX; PN3N-FSE] wholly-owns the Obotan gold project in Ghana. NI 43-101/JORCcompliant proven and probable reserves stand at 34.2 million tonnes, grading 2.21 g/t gold for 2.43 million oz gold contained across four deposits. A feasibility study released on August 28 outlines an open-pit operation, with an average output of 221,500 oz gold per year for the first five years. Total production across a mine life of 11.5 years will reach 2.26 million oz gold. PMI Gold is also advancing the Kubi gold project and the early-stage Asanko gold project. Rio Tinto Plc. [RIO-NYSE, LSE] is developing the Simandou iron ore project in southeast Guinea with the Aluminum Corp. of China Ltd. (Chalco). Rio Tinto is the majority stakeholder with an interest of just over 50%. Predicted to be fully operational by mid-2015, the project promises to be Africa's largest mining operation, with a 95 million tpy iron ore capacity. Capex is estimated at $10 billion and includes the building of a 650-km rail line and a captive port. Riverstone Resources Inc. [RVS-TSXV; 3RV-Frankfurt] has four gold projects in Burkina Faso. The company released a suite of drill results for its flagship Karma gold project on September 24 and September 25. This includes hole KAO-12-RC-354, which intersected 1.49 g/t gold from 38-58 metres. On October 3, Riverstone released an updated NI 43-101-compliant resource estimate; total indicated resources stand at 56.5 million tonnes at 1.07 g/t gold for 1.94 million oz contained. Rockridge Capital Corp. [RCC] wholly owns and is exploring the Fatou gold discovery in southern Mali. On August 21, the company announced drill results for the Fininko gold zone in the east of Fatou. Highlights included hole DDF-091, which intersected 1.73 g/t gold over 54 metres, and hole RCF-173, which recorded 3.25 g/t gold over 10 metres. Roxgold Inc. [ROG-TSXV] wholly-owns the Yaramoko and Sebba gold properties and a 90% interest in the Bissa West gold project. The ventures are all located in in Burkina Faso. On August 7, the company released an initial resource estimate for Yaramoko. At a cut-off grade of 2 g/t gold, indicated resources stand at 617,000 tonnes at 17.8 g/t gold for 354,000 oz gold contained. On September 25, Roxgold announced a settlement agreement had NOVEMBER 2012