Iamgold halts transport to and from Burkina Faso mine after attack

Trucks in the pit at Essakane. Credit: Iamgold.Trucks in the pit at Essakane. Credit: Iamgold.

Iamgold (TSX: IMG; NYSE: IAG) has suspended convoys to and from its Essakane gold mine in Burkina Faso near the border with Niger, after gunmen attacked a convoy travelling to the operation today. 

The company said no passengers were hurt. One police officer was injured while the convoy’s security repelled the gunfire, but he’s in a stable condition, the Toronto-based miner said. 

Militant violence in Burkina Faso, Niger and Mali has intensified in recent years despite the presence and interventions by UN, regional and Western troops. 

Endeavour Mining (TSX:EDV; LSE: EDV), West Africa’s top gold producer, has also been the subject of attacks in Burkina Faso. Its Boungou mine, previously owned by Semafo, was ambushed in 2019 resulting in 37 deaths and over 60 people injured. 

The same year, Canadian geologist Kirk Woodman was kidnapped and killed. His body was found in rural Burkina Faso. He was the ninth Canadian killed in the West African country since 2016. 

Essakane is Iamgold’s flagship mine and has been in production since 2010.

The company recently revised production guidance for the operation to between 390,000 and 400,000 ounces of gold from the 365,000 to 390,000 ounces previously expected. 

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