Burkina Faso miners say work continues despite coup

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2 年前

STORY: The biggest mining company in Burkina Faso said on Monday (October 3) that its operations are "unaffected by recent political events" - following the West African country's second military coup of the year.

Endeavour Mining's London-listed shares fell 1.6% in early trading after Friday's (September 30) ouster of President Paul-Henri Damiba.

The company, which has four gold mines and two exploration projects in Burkina Faso, said it was monitoring the situation and would provide further updates "if appropriate".

Endeavour also has mines in Senegal and Ivory Coast - but analysts said Burkina Faso accounts for 54% of its expected 2022 production.

Another mining company in Burkina Faso, West African Resources, said its Sanbrado gold mine was operating normally.

Staff and contractors are safe, it said, and the communities around Sanbrado remained calm.

It's shares fell 10% to hit a one-year low.