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Australia Miner Plunges Most Since 2014 After Burkina Faso Coup

  • West African Resources drops 17% in Sydney trading Tuesday
  • All of the company’s mines are in the West African nation
Smoke rises from burning barricades during protests against president Marc Christian Kabore, in Ouagadougou, Burkina Faso, on Jan. 23.

Smoke rises from burning barricades during protests against president Marc Christian Kabore, in Ouagadougou, Burkina Faso, on Jan. 23.

Photographer: Olympia De Maismont/AFP/Getty Images 

West African Resources Ltd., an Australian gold miner that gets all its revenue from Burkina Faso, plunged the most in about seven years after soldiers ousted President Roch Marc Christian Kabore in a coup.

The shares fell 17%, the biggest drop since November 2014, in Sydney on Tuesday. The company produced 87,324 ounces of the metal in the three months through December, according to a company statement.