West African Gold Mine Dispute with Burkina Faso Remains Unresolved

West African Resources (WAF) aims to resume trading following positive discussions with Burkina Faso’s leaders regarding its Kiaka gold mine. The military government has expressed interest in acquiring an additional 35% stake, raising concerns about the potential undervaluation of this stake. WAF has proposed alternative strategies to enhance national participation and government revenue without increasing the government’s equity. Kiaka is crucial for WAF’s growth as production from its Sanbrado mine nears maturity, with shares currently suspended since early September.

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