Endeavour Mining’s operations in Burkina Faso are “unaffected by recent political events”, the gold miner says on Monday after the West African nation’s second military coup of the year on Friday.
Burkina Faso military leader announces second coup for the year
Endeavour is the biggest mining company in Burkina Faso, with four gold mines – Hounde, 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 says.
Endeavour says it is monitoring the situation and would provide further updates “if appropriate”.
Its 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.