Posted in | News | Gold | Mining Business

Essakane Gold Mine in Burkina Faso Comes Online

The Essakane gold mine in Burkina Faso has been started up by IamGold Corp. six months prior to the planned date of year end 2010. It is the first greenfield project built by IamGold in Africa.

Peter C.Jones, the interim president and CEO said that the fact that the project has been completed ahead of schedule and in line with the capital budget is a testament to the excellent project development team.

The Essakane Project is located in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 km northeast of the capital, Ouagadougou. It is situated 42 km east of the nearest large town and the provincial capital of Oudalan, Gorom-Gorom.

The Essakane gold mine is expected to yield 315,000 oz of gold per year. It is designed as an open pit, carbon in leach producer. The estimated life of the mine is 15 years. The cash cost of extracting the gold is likely to be US $ 400-410 per ounce.

Mr. Jones called it the second flagship mine for IamGold. He considers the long life and low cost operations a great addition to the project development capabilities of the company’s portfolio.

The government of Burkina Faso has a 10% interest in the Essakane gold mine.

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.


Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Iamgold Corp.. (2019, March 19). Essakane Gold Mine in Burkina Faso Comes Online. AZoMining. Retrieved on March 25, 2023 from

  • MLA

    Iamgold Corp.. "Essakane Gold Mine in Burkina Faso Comes Online". AZoMining. 25 March 2023. <>.

  • Chicago

    Iamgold Corp.. "Essakane Gold Mine in Burkina Faso Comes Online". AZoMining. (accessed March 25, 2023).

  • Harvard

    Iamgold Corp.. 2019. Essakane Gold Mine in Burkina Faso Comes Online. AZoMining, viewed 25 March 2023,

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type