Resolute Mining Shares Plunge After CEO Detained in Mali [Yahoo! Finance Canada]
B2Gold Corp Common shares (Canada) (BTG)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Resolute, which operates the Syama mine in the country, had been in talks with mining and tax authorities in the capital Bamako, as the country's military-controlled leadership pushes for increased revenue from its mineral resources. Mali is Africa's third-biggest gold producer and is looking to the metal to offset sanctions that threaten key sources of government revenue. Resolute's shares were down around 28% near noon in Sydney, valuing the miner at just over A$1 billion ($660 million). Mali's junta has in recent months ramped up efforts to renegotiate existing mining contracts with foreign companies including B2Gold Corp., Allied Gold Corp. and AngloGold Ashanti Plc. Last month it briefly jailed four employees of Barrick Gold Corp. and threatened to take back a concession to a mine. Resolute's employees are being treated well and the company is in “regular communication” with all three, the Perth-based miner said Monday. Mali's mining ministry has
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- 11/6/24 - Miss
BTG
Sec Filings
- 11/14/24 - Form 6-K
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- BTG's page on the SEC website