Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has responded to reports from a radio interview with Ibrahim Traoré, the President of Burkina Faso, in which he referred to mining permits that might be revoked.
In a statement, Endeavour said that it remains a trusted partner to the Government of Burkina Faso and can confirm that it is not currently aware of any plans to revoke any of its mining permits.
“The Government remains supportive of Endeavour’s position in the country,” said the statement.
Endeavour highlighted as evidence the recent settlement agreement involving the State of Burkina Faso in respect of the legal dispute over the Boungou and Wahgnion mines, for which the miner said it has now received the first US$30 million payment.
The FTSE 100 gold group has five producing mines in Africa, two of which are in Burkina Faso.
Shares in Endeavour were down 5.9% at 1,687p.