AMI has entered into an Option Agreement with Golden Star Resources Ltd. to earn a 51% interest in their gold concessions in Niger, both of which adjoin the Samira Hill Gold Mine, owned by Semafo Inc.
Exploitable deposits of gold are known to exist in Niger in the region between the Niger River and the border with Burkina Faso. On October 5, 2004, President Tandja announced the official opening of the Samira Hill Gold Mine in Tera Department and the first Nigerien gold ingot was presented to him. This marked a historical moment for Niger as the Samira Hill Gold Mine represents the first commercial gold production in the country.
KEY FACTS ON NIGER
- Population: 15 million (2009 est.)
- Capital: Niamey
- Area: 489,072 sq km
- Major languages: French, Arabic
- Climate: Desert, mostly hot dry
- Major Relegions: Muslim 90%
- Life Expectancy: 51 years (men) 54 years (women)
- Monetary Unit: CFA Franc
- Independence: 1959 (from France)
- Government: Democratic
- President: Tandja Mamadou
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|Market Cap.:||0.13M CAD|
Updated at 9:54am on 21 Jan 2015
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