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Burkina Faso increases gold royalties 'in line' with other jurisdictions

SUCCESSFUL gold miner West African Resources expects costs to increase by US$6-8 per ounce after Burkina Faso authorities increased gold royalty rates in the West African country.

 WAF's first operation in Burkina Faso, Sanbrado

WAF's first operation in Burkina Faso, Sanbrado

The rates are capped at 7% for gold prices over $2000/oz. WAF said the new royalty rates bring Burkina Faso's royalty rates into line with other jurisdictions in the West African region and reflect...

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