West Africa-focused Canadian mining company Semafo on Monday reported that five gendarmes and one subcontractor employee had lost their lives in an armed incident that occurred between the town of Fada and the Boungou mine site, in the Est region of Burkina Faso.
While operations at the Boungou mine were not affected, the miner has stated that, as a precautionary measure,it would increase its security measures and continue to closely monitor the situation with its partners to protect Semafo employees and its operations.
The corporation expressed its condolences to the families of the victims.
The security incident hit Semafo's stock on Monday, with its share price on the TSX falling nearly 7% to C$3.14.