Burkina Faso mining stocks drop
IAMGOLD Stock Falls 10% on Burkina Faso Concerns: Time to Buy?
IAMGOLD IAG shares moved below its 50-day simple moving average (SMA) yesterday, with the stock closing at $4.54 compared with the 50-day SMA of $4.88. This seems to have been triggered by comments made by Burkina Faso’s president Traoré hinting at the withdrawal of mining permits of companies violating local laws.
IAMGOLD Provides Update on Media Reports Concerning Burkina Faso
All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.Toronto, Ontario--(Newsfile Corp. - October 7, 2024) - IAMGOLD
Burkina Faso mining stocks drop after presidential threat
Ibrahim Traoré, junta leader and president of Burkina Faso, declared in a Saturday radio address that he will withdraw certain foreign mining permits ・The move seeks to onshore more of the country’s gold production,
Gold miners assure compliance amid permit concerns in Burkina Faso
International gold miners, including Canada's Iamgold, Fortuna Silver Mines, London-listed Endeavour Mining, and Australia’s West African Resources, have stated they were unaware of any potential changes to their mining permits in Burkina Faso,
Burkina Faso: Government Wants Stronger Local Participation in Gold Mines
Due to insecurity, several gold mines have closed in Burkina Faso, causing production to drop. Most active mines in the country are controlled by foreign companies, mainly Canadian and Australian. Burkina Faso wants to take control of its gold mines.
Burkina Faso-focused miners reassure on permitting
Western-listed Miners operating in Burkina Faso have scrambled to reassure investors that their projects are not under threat, despite comments made by the
Fortuna Mining says Burkina Faso will not withdraw existing permits
Fortuna Mining said on Monday that the government of Burkina Faso does not plan to withdraw the Canadian company's existing mining permits in the country. Junta leader Ibrahim Traoré said on Saturday that Burkina Faso planned to withdraw mining permits from some foreign companies and would seek to produce more of its own gold,
Fortuna Mining says Burkina Faso government will not withdraw permits
Fortuna Mining (NYSE:FSM) finished -8.8% in Monday's trading after saying the government of Burkina Faso does not plan to withdraw the company's existing mining permits, following weekend comments by President Ibrahim Traoré that Burkina Faso would withdraw mining permits from some foreign companies and would try to produce more of its own gold.
West African Resources says its mining permits in Burkina Faso not at risk
West African Resources has reassured shareholders its gold mining rights in Burkina Faso are not under threat, after the country’s military leader flagged a crackdown on foreign mining companies over the weekend.
Mining Weekly2d
Iamgold, Fortuna unaware of Burkina Faso permit changes
Canadian gold miners Iamgold and Fortuna Silver Mines on Monday stated they were unaware of any potential changes to their ...
The Mining Journal2d
West African Resources reassures market after Burkina Faso permit cancellation comments
Burkina Faso's president, junta leader Ibrahim Traore, on the weekend said he planned to withdraw mining permits for some ...
Best Junior Mining Stocks2d
Orezone Gold Confirms Bomboré Permit to Remain Valid
VANCOUVER, British Columbia, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) confirms that the Bomboré mining permit is valid, and that ...
ecofinagency1d
Burkina Faso Approves $102mln IDA Deal to Boost Health and Education
The Human Capital Protection Project in Burkina Faso, funded by the World Bank, aims to ensure access to essential health and education services, especially with the ongoing security crisis. Burkina ...
International Monetary Fund9h
IMF Staff Concludes Visit to Burkina Faso
An International Monetary Fund (IMF) staff team led by Martin Schindler visited Ouagadougou during September 30–October 9 to discuss macroeconomic policies in the context of the second review of the ...
Investing9d
IAMGOLD's SWOT analysis: gold miner's stock shines amid project milestones
However, IAMGOLD's competitive position is not without challenges. The company's decision to sell its Boto project and surrounding exploration assets has increased its risk concentration in ...