Agree long... X (twitter is full of crap spewing that BF is nationalizing all the mines).
A good article I found explains the details -
Burkina Faso nationalises two gold mines mired in legal disputeFor me... it shows a serious amount of maturity by the government. They want the mines running.... and I just wonder.... if the will soon sell them, as I struggle to see why BF government actually want to own any mines. Another potential longer term positive, is.... if BF do try to run the mines, they will quickly see how hard it is, and... how important having professionals running them (listed companies who have to follow and stick to all the laws etc).
The two mines are located here:
I feel the Boungou mine is is a poor location security wise. Wahgnion was just a bit too small for Endeavour.
I mean, they still have multiple assets in the country....
Suffice to say, the issue seems more to do with the buyer not having paid Endeavour... and the mines struggling, so the government stepped in.
I wonder if WAF is taking a little look at these assets?
(20min delay)