Resolute Mining posted a $162.6m net profit for H1 2026 as record gold prices offset lower group output, with its Senegalese unit paying a $121.3m dividend that included the government's share.
Fortuna Mining agreed on 10 August 2026 to pay $200m to acquire the Bambadji gold exploration project in Senegal from Barrick and IAMGOLD, extending its land position next to its own Diamba Sud discovery.
Fortuna Mining has delivered a feasibility study for its Diamba Sud gold project in Senegal showing a 60% after-tax internal rate of return and average production of 116,000 ounces a year.
Senegal's government said it would take back the assets of phosphate producer ICS, ending Indorama Ventures' licence and alleging almost $1.88bn in lost state revenue over the concession's history.
Resolute Mining has published an initial resource of 266,000oz at its Bantaco prospect near the Mako gold mine, as it looks to extend gold production in Senegal by five to ten years.
