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    gold investing

    Burkina Faso Unrest a Concern for Gold Miners

    Investing News Network
    Apr. 18, 2011 04:16PM PST
    Precious Metals

    Financial Post reported that gold miners Iamgold (TSE:IMG) and Semafo (TSE:SMF) are concerned about how unrest in Burkina could affect their operations.

    Financial Post reported that gold miners Iamgold (TSX:IMG) and Semafo (TSX:SMF) are concerned about how unrest in Burkina could affect their operations.

    The market news is quoted as saying:

    SEMAFO’s flagship Mana gold mine is in Burkina, and UBS Securities analyst Dan Rollins wrote that 88% of the company’s underlying operating value (or $7.32 a share) is linked to Burkina, along with roughly 73% of its consolidated gold production this year.

    To read the full market news, click here.

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