in Short
Burkina Faso : 100 million USD in a gold project
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.