04/20/2026
Should be 80%!!!
https://www.facebook.com/share/1LBHWNFJKW/?mibextid=wwXIfr
Burkina Faso plans to increase its stake in the Kiaka gold mine from 15% to 40% via a government decree, reshaping the mine's ownership structure.
Kiaka is a key gold project expected to produce 240,000 to 280,000 ounces annually, underpinning West African Resources' target of up to 490,000 ounces in 2026.
This move reflects a broader trend of resource nationalism in Africa, as governments seek greater control and revenue from strategic mining assets.
Despite uncertainty from the proposed ownership change, West African Resources anticipates strong production growth and plans further exploration investments.