Facts about BF and TerangaThere is still an element of FUD (Fear Uncertaintly and Doubt) factory workers here. Probably in order to manipulate the price for trading purposes.
Burkino Faso Facts as it relates to Teranga.
1. Violence is on the increase...Yes. Mostly happening in the northern regions and extreme eastern borders. 20 % of the Governement revenues comes from miners. Government are now painfully aware that external countries will not pay for military operations to keep extremists at bay, so they will have to spend some of that tax money on beefing up the militatry response within BF...or risk losing their tax base and the rule of law. Logic dictates theat they will make the right decisison (the only decision)
2. Ternaga has operations in the southern part of BF (both Wagnion & Golden Hill) - hundreds and hundreds of Km away from the most violent attacks, and arguably in the safest regons of BF.
3. in 2019 > 80% of their gold production came from outside of BF in Senegal...a relatively peaceful country.
4. They recently made their largest mine purchase yet - Massawa - also in Senegal. So the significance of BF production for the next several years is and will be minor in relation to total gold production at Teranga...regardless of how the Gov't reacts to scattered violent attacks to the north and east.
MM