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First government-owned gold mine aims to increase Burkina Faso's economic sovereignty
From TeleSUR, Caracas
Thursday, July 9, 2026
Burkina Faso on July 9 inaugurated its first state-owned gold mine, marking a major milestone in the government's strategy to expand public control over the country's natural resources and strengthen its economic sovereignty.
Located in the municipality of Yako, in the Yatenga region, the project will be operated by the state-owned Societe de Participation Miniere du Burkina and is expected to produce more than seven tons of gold over the next 15 years while creating more than 1,200 direct and indirect jobs.
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The inauguration represents one of the most significant developments in Burkina Faso's mining sector in recent years.
Gold is the country's largest export and its primary source of foreign currency, yet successive governments have long argued that much of the wealth generated by the industry has benefited foreign companies rather than contributing to national development. ...
... For the remainder of the report:
https://www.telesurenglish.net/first-public-gold-mine-burkina-faso/
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