Dual listed Avocet Mining will be reviewing its security measures following an attack on its convoy carrying fuel to Inata mine in Burkina Faso, which resulted in two fatalities and two people injured.
Through a press statement, the company announced stating that security analysis indicates that gendarme escort was itself the target of the attack.
According to an article filed by Reuters, quoting a statement from Burkina Faso defense ministry: “The explosion destroyed the leading vehicle, killing two gendarmes and seriously wounding two others.”
The explosion was caused by an improvised explosive device on the road from the town of Djibo, about 150 kilometers north of the capital Ouagadougou, it added.
The mining company has announced that it will be taking appropriate steps to ensure the safety of the mine and its employees.
Avocet is struggling to keep the mine operating after former workers seized a shipment of gold last year. Its shares have dropped nearly 60 percent this year.