International gold miners, including Canada’s Iamgold, Fortuna Silver Mines, London-listed Endeavour Mining, and Australia’s West African Resources, have stated they were unaware of any potential changes to their mining permits in Burkina Faso, following media reports suggesting the government might revoke certain permits.
These reports referenced comments by Burkina Faso President Ibrahim Traoré who stated that the government could consider withdrawing permits for companies found to be in violation of the country’s regulations.
The President’s remarks, made during a broadcast on Radio Burkina, covered a wide range of topics, including corruption, transportation, agriculture and mining. On the subject of security, Traoré highlighted the government’s progress in regaining territory from terrorist groups in the northern and eastern regions, with hopes for further improvements by the end of 2025.
The broadcast sparked concerns within the mining sector regarding potential permit withdrawals. However, several mining companies with significant operations in the country were quick to address these concerns.
Iamgold, which operates the Essakane mine, said that it had no knowledge of any challenges or threats to its permit and reaffirmed its full compliance with Burkina Faso’s regulations. The company reiterated its commitment to responsible mining practices and maintaining good standing with local authorities.
Fortuna, which operates the Yaramoko mine, also responded by seeking clarification from Burkina Faso’s Ministry of Mines. The company received confirmation that permits adhering to the country’s laws were not under threat. Fortuna assured stakeholders that its operations were fully compliant with local legal frameworks and that activities at Yaramoko continued uninterrupted.
Endeavour, another significant player in the region, stated that it was not aware of any plans to revoke its mining permits. The company underscored the Burkina Faso government’s support, pointing to a recent settlement agreement reached over the divestment of the Boungou and Wahgnion mines. Endeavour has already received the first $30-million payment as part of this settlement.
West African Resources, which runs the Sanbrado mine and is constructing the Kiaka mine, confirmed it had also received assurance from the Ministry of Mines that its permits remain in good standing. Orezone Gold, owner of the Bomboré gold mine, echoed these sentiments, confirming that none of its permits were under review.