in Short
Burkina Faso : 100 million USD in a gold project
![](https://africa-news-agency.com/wp-content/uploads/2023/07/Burkina-Faso-e1690365495305-780x470.jpg)
West African Resources announces that it has secured a loan of 100 million dollars (around 60 billion FCFA) from Coris Bank International and asset manager Sprott Resource Lending. This is the first tranche of a credit facility expected to reach $265 million.
With this financing, the mining company intends to accelerate the development of the Kiakia gold project in Burkina Faso and other company projects.