Gold, Risk, & Geopolitics: Fortuna Mining Exits Burkina Faso
Fortuna Mining (TSX: FVI) evidently wants out of the Burkina Faso business. On Friday, the company announced that they have entered into an agreement to not only sell their operating mine within the country, but their exploration assets too.
Commenting on the matter, CEO Jorge Ganoza cited the “increasingly challenging business climate” within the country as a main reason behind their departure, which isn’t exactly a positive sign for other operators in the nation.
All right, lets dive in.
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