Fortuna Mining (NYSE:FSM) finished -8.8% in Monday's trading after saying the government of Burkina Faso does not plan to withdraw the company's existing mining permits, following weekend comments by President Ibrahim Traoré that Burkina Faso would withdraw mining permits from some foreign companies and would try to produce more of its own gold.

International gold miners, including Canada's Iamgold, Fortuna Silver Mines, London-listed Endeavour Mining, and Australia’s West African Resources, have stated they were unaware of any potential changes to their mining permits in Burkina Faso,

Fortuna Mining said on Monday that the government of Burkina Faso does not plan to withdraw the Canadian company's existing mining permits in the country.

Ibrahim Traoré, junta leader and president of Burkina Faso, declared in a Saturday radio address that he will withdraw certain foreign mining permits ・The move seeks to onshore more of the country’s gold production,