Resolute Shares Suspended After Mali Demands $160 Million [Yahoo! Finance Canada]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The company's shares in Sydney were suspended pending an announcement, it said in an exchange filing Thursday. The stock fell 8.1% during the trading session and has tumbled 40% in total since news of the detention of CEO Terry Holohan, along with two colleagues, became public at the weekend. The Mali government's position is that Resolute – which operates the Syama gold mine – should pay the state 100 billion CFA francs ($162 million) to settle a dispute mainly concerning alleged back taxes following a sector-wide audit, according to people familiar with the matter, asking not to be named as the matters were private. The parties have been discussing a potential agreement that would see the company pay half that sum now and half at a later date, one of the people said. Holohan and two colleagues have been held in the capital, Bamako, since late last week after the Resolute boss traveled to the city for meetings with the nation's tax and mining authoriti
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- 11/7/24 - Miss
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- 11/7/24 - Form 6-K
- GOLD's page on the SEC website