Burkina Faso Unrest a Concern for Gold Miners

Apr. 18, 2011 04:16PM PST

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.

tsx:img ubs securities tsx:smf gold investing