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Welcome to Global Mines Ltd.
Global Mines Limited is headquartered in Cameroon. We have approximately 1,200 employees and contractors, with the majority working at managed operations in the Cameroon, Uganda, Kenya and Tanzania. Cameroon is amongst the industry leader in value creation. Our purpose – to create value and improve lives through sustainable and responsible mining – is guided by five core values: safety, integrity, sustainability, inclusion and responsibility. We are proud to have been named the mining industry leader in overall sustainability by the Dow Jones Sustainability World Index in 2015 and 2016
Over the years, this pursuit has grown into a fruitful business that allows him to follow his passion on a daily basis. Since officially starting Global Mines Limited is also an avid field collector, focusing on minerals in african region, including gold, diamond and many other species. Some of his finds can be seen in major collections across the state.
Global Mines Limited sources minerals on a global basis. Recent acquisitions include many exceptional minerals from different localities. Global Mines Limited is an unhedged gold producer and explorer with mining operations and exploration tenements in the Republic of Cameroon. We are committed to operating at world-class standards and are focused on the safety of our employees, respecting the environment, and contributing to the communities in which we operate. , .
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COMPANY STRATEGY
Global Mines Limited has two primary objectives:
To increase gold reserves and resources in the Maroua gold producing belt and significantly extend the life of the operation.
To optimize the administrative, mining, and processing operations to reduce costs and maximize profits.
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To expand the proven reserves and resources Global Mines Limited will focus on drilling extensions of known and in some cases previously mined deposits and through exploration drilling at sites with existing compelling drill data or that are otherwise highly prospective on the basis of other existing exploration data including soil analysis and aero-magnetic surveys. It is the view of management that this approach is far likelier to be successful than Tonga exploration and with the existing production infrastructure in place, the cost and risk of putting new discoveries into production is minimal.
The optimization of existing operations is centered on capital expenditures aimed at increasing mill throughput and higher recoveries and the implementation of management practices that will result in lower mining and processing costs.
The company is currently focused exclusively on its existing portfolio of production and exploration opportunities but continuously reviews other precious metals opportunities. It is the policy of the company when considering deploying capital to compare the risk-adjusted expected return to shareholders from any capital allocation to returning cash to shareholders via share buy-backs or dividends. , ,
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