Burkina Faso miners say work continues despite coup (updated)

Iamgold

03/10/2022 09:34

(Adds West African Resources, IAMGOLD)
       JOHANNESBURG, Oct 3 (Reuters) - Endeavour Mining's
 EDV.L  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 gold mines - 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  WAF.AX  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.
  
 (Reporting by Helen Reid
Editing by David Goodman and Toby Chopra)
 ((Helen.Reid@thomsonreuters.com; +27 66 156 5214;))