TSX:ORE - Post Discussion
Post by
mrsly0 on Oct 29, 2023 10:28pm
the new royalties...
The West African nation increased the minimum royalty rate for spot price above $1,500 an ounce to 6% from 5%, the military government said in a decree seen by Bloomberg. The rate will rise to 6.5% for spot higher than $1,700 to $2,000 and further to 7% for spot above $2,000, it said. https://www.mining.com/web/burkina-faso-targets-bigger-royalties-as-gold-production-drops/ If that's the news the market was scared of, we should be back above $2.00 a share soon.
goog luck
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