Gold Mining stock investors beware: Burkina Faso nationalises two gold mines

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Until Tuesday 27th August 2024, the Boungou and Wahgnion gold mines in Burkina Faso were owned by an African mining company. However Ouagadougou has agreed a deal to nationalise the mines for around $80 million.

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Endeavour Mining, which agreed to sell Boungou and Wahgnion to Lilium last year for more than $300 million, had accused its rival of missing payments. Meanwhile Lilium argued that London-listed Endeavour had misrepresented and hidden financial information about the mines.

www.africanews.com/2024/08/28/burkina-faso-nationalises-two-gold-mines-ending-legal-dispute-between-rival-companies/

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