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Burkina Faso miners say work continues despite coup

Published 03/10/2022, 09:18
Updated 03/10/2022, 16:41
© Reuters. FILE PHOTO: Staff safety helmets are seen at the entrance of the gold mine site, operated by Endeavour Mining Corporation in Hounde, Burkina Faso February 13, 2020.  Reuters/Anne Mimault

JOHANNESBURG (Reuters) - Endeavour Mining's operations in Burkina Faso are "unaffected by recent political events", the gold miner said on Monday after the West African nation's second military coup of the year on Friday.

Endeavour is the biggest mining company in Burkina Faso, with four {{0|gogold mine} - Houndé, Mana, Boungou, and Wahgnion - and two exploration projects.

The company also has mines in Senegal and Ivory Cost, but its Burkina mines account for 54% of expected 2022 production, Berenberg analysts said. Endeavour said it is monitoring the situation and would provide further updates "if appropriate".

Endeavour's London-listed shares fell 1.6%.

West African Resources said its Sanbrado gold mine in Burkina Faso is operating as normal, staff and contractors are safe and the communities around Sanbrado remain calm.

Its shares fell 10% to hit a one-year low.

IAMGOLD, which runs the Essakane mine in the country, did not respond to Reuters questions about the potential impact of the coup.

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