(Ecofin Agency) - The Burkinabe government passed a decree extending the geographical scope of Karma gold mine’s industrial mining permit. This was during a Ministers’ council held June 20.

The strategy will add 4 years to the mine life and help maintain 750 jobs. In addition, it is expected to generate a profit of CFA38.3 billion.

Let’s note that Karma mine was acquired by Endeavour Mining in 2016 and entered into commercial production in October the same year. It is managed by the company’s subsidiary Riverstone Karma SA and is located in Namissiguima commune, Yatenga province in the Northern region. Let’s also recall that the project holds six exploration permits, covering 856 km² with over 40 identified high-priority high-grade gold targets.

Louis-Nino Kansoun