True Gold formalises technical shutdown at Burkina Faso project

Damages to equipment and site infrastructure, sustained during a violent protest by local communities at Canadian project developer True Gold's Karma project, in Burkina Faso, in January, amounted to about $6.1-million. The Vancouver-based company on Monday said it had formalised a technical shutdown of the project, as prescribed under applicable Burkina Faso labour laws, which would enable it to preserve capital in the near term and resume construction quickly and efficiently, while still providing staff with a source of income.