The West African country of Guinea is an established jurisdiction for mining in bauxite, gold, iron and diamonds, but remains vastly unexplored or underexplored. The mineral sector accounts for more than 25% of Guinean GDP, and 90% of the value of total exports, so mining is highly valued and very important for the country. More than two dozen international mining firms currently have operations in Guinea.
Large mining players such as AngloGold Ashanti have operated in the country for over a decade, in close proximity to where Volcanic now operates. In 2016, AngloGold-Ashanti committed to investing over $400M in the country over the next few years. So while estimated gold production was approximately 16,000 kg (in 2011), there remains significant room to grow – especially in Northeastern Guinea, near the Mail Border, where much of the current production originates.