True Gold Mining reported the financial results and business highlights for the nine months ended September 30, 2015. The Company is focused on completing construction and operating the low cost Karma Mine with a strategy to become a mid-tier producer through organic and strategic growth opportunities. "I am excited by the progress our team [...]
True Gold is pleased to announce that Peter Hardie has been appointed as the Company's Chief Financial Officer, effective November 2, 2015. Peter joins True Gold from Nevsun Resources, a gold-copper-zinc company with a flagship mine in Eritrea, where he served as Vice President, Finance and as Chief Financial Officer. He brings a unique skillset to [...]
True Gold is pleased to report that mining has commenced at the Goulagou II (GGII) deposit at the Karma Gold Mine in Burkina Faso. The GGII deposit is the first of six deposits that will be mined over an 11.5 year period. The Company remains on track for gold production at the end of Q1, 2016. The GGII deposit has reserves of 273,000 leachable [...]
True Gold confirms that its people, premises and assets are fully secure and have not been affected by the political unrest in the Ouagadougou area. The Karma Mine is located 185 kilometers from the capital of Ouagadougou. The company is keeping a close watch on developments and will make further announcements when appropriate.
True Gold reported the financial results and business highlights for the six months ended June 30, 2015. The Company's focus is on completing construction and operating the low cost Karma Mine with a strategy to become a mid-tier producer through organic and strategic growth opportunities. Over the second quarter the Company made significant [...]
True Gold is pleased to report that the Company has drawn down an additional $14 million of the $100 million financing from Franco-Nevada (Barbados) Corp. and Sandstorm Gold Bank Ltd. This is the third draw down that True Gold has made under the facility, bringing the total amount drawn to $71.6 million. The Company currently has approximately [...]
True Gold is pleased to announce the appointment of Ms. Maryse Belanger to its Board of Directors. Ms. Belanger brings over 30 years of experience in the mining industry with strengths in operational excellence and efficiency. Currently, she is the Chief Executive Officer and Managing Director of Mirabela Nickel where she has been responsible for [...]
True Gold today appointed David Laing as COO, effective June 22, 2015. David joins True Gold from Quintana Resources, a base metals streaming company, where he was COO and lead the origination and execution of stream financing transactions. He was also one of the original executives of Endeavour Mining Corporation as the group grew from one mine in [...]
True Gold Mining announces that it has granted incentive stock options to its directors and certain key employees and consultants, exercisable to purchase up to 6,865,000 common shares in the capital of the Company until June 19, 2020, at an exercise prices of $0.23 per share. The incentive stock options were granted in accordance with the [...]
True Gold today provided a general corporate update on the construction of its Karma Gold Project in Burkina Faso. Construction activities and local procurement have ramped up and we are on schedule for first gold pour by the end of Q1-2016. With over 250 staff onsite, we are underway with excavation of the storm and raw water ponds as well as site [...]
True Gold is pleased to announce voting results from the Company's Annual Meeting of Shareholders held on June 15, 2015. A total of 237,886,917 common shares were voted, representing the votes attached to 59.64% of all outstanding common shares. Shareholders voted in favour of the election of all director nominees. The percentage of votes cast for [...]
True Gold reported the financial results and business highlights for the three months ended March 31, 2015. Strengthened Leadership Team Appointed Christian Milau as Chief Executive Officer, effective April 27, 2015. Mr. Milau joined True Gold from Endeavour Mining Corporation, where he served as Executive Vice President and Chief Financial [...]
