Endeavour Mining falls on Burkina Faso mining permit withdrawal fears

West African Resources

07/10/2024 08:58

** London-listed shares of gold miner Endeavour Mining
 EDV.L  fall as much as 6.6% to 1,674p, stock top pct loser on
FTSE 100  .FTSE  index
    ** West African country Burkina Faso plans to withdraw
mining permits from some foreign cos and will seek to produce
more of its own gold, junta leader Ibrahim Traore said on
Saturday
    ** Traore did not specify which permits would be cancelled
    ** Endeavour Mining, Australia-based West African Resources
 WAF.AX , Russia's Nordgold, and Canada's Orezone Gold Corp
 ORE.TO  operate in Burkina Faso
    ** Endeavour also operates mines in Côte d'Ivoire, Senegal,
Mali, and Guinea
    ** EDV hits lowest level since Aug. 2
    ** Stock currently at session low, taking YTD losses to ~5% 
    

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))