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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.
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