Burkina Faso grants mining lease to Russia’s Nordgold
The move signals deepening economic ties between Russia and Burkina Faso, as the junta that seized power in 2022 continues its pivot away from traditional Western allies.
Many gold miners' balance sheets – already punished by write-downs and blowout project costs – could be pushed to the edge if the weakness in gold persists. All-in sustaining cash costs which take into account among others by-product costs, sustaining...
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