Australia $561 Million Gold Mining Group Resolute Mining CEO Terry Holohan & 2 Employees Detained in Africa Country Mali Have Been Released after Signing MoU to Pay $160 Million to Resolve Tax Dispute for Syama Gold Mine, Resolute Mining Owns 80% of Mali Syama Gold Mine & Mali Government Owns 20%
22nd November 2024 | Hong Kong
Australia gold mining group Resolute Mining ($561 million market value) CEO Terry Holohan & 2 employees detained in Africa country Mali have been released after signing MoU to pay $160 million to resolve the tax dispute for Syama Gold Mine. Resolute Mining owns 80% of Mali Syama Gold Mine & the Mali government owns 20%. Earlier in November, Australia mining group Resolute Mining CEO Terry Holohan & 2 employees had been detained in Africa country Mali, and required to pay $162 million to resolve a tax dispute for Syama Gold Mine. Resolute Mining shares is suspended, with share price -42% in the last 5 days, -12% YTD, +14% in last 12 months & -60% in last 1 year. Resolute Mining – Resolute is a successful African-focused gold miner with more than 30 years of experience as an explorer, developer and operator of ten gold mines which have produced more than 9 million ounces of gold. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG. Resolute currently owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Syama is a robust, long-life asset comprising a underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high quality, open pit gold mine which Resolute has owned and operated since August 2019. The Company is also active in exploration with drilling campaigns underway across its African tenements with a focus on Mali, Senegal and Guinea.
“ Australia $561 Million Gold Mining Group Resolute Mining CEO Terry Holohan & 2 Employees Detained in Africa Country Mali Have Been Released after Signing MoU to Pay $160 Million to Resolve Tax Dispute for Syama Gold Mine, Resolute Mining Owns 80% of Mali Syama Gold Mine & Mali Government Owns 20% “
Australia $547 Million Gold Mining Group Resolute Mining CEO Terry Holohan & 2 Employees Detained in Africa Country Mali & to Pay $162 Million to Resolve Tax Dispute for Syama Gold Mine, Resolute Mining Shares Suspended with Share Price -42% in Last 5 Days, -12% YTD, +14% in Last 12 Months & -60% in Last 1 Year
14th November 2024 – Australia mining group Resolute Mining ($547 million market value) CEO Terry Holohan & 2 employees had been detained in Africa country Mali, and required to pay $162 million to resolve a tax dispute for Syama Gold Mine. Resolute Mining shares is suspended, with share price -42% in the last 5 days, -12% YTD, +14% in last 12 months & -60% in last 1 year. Resolute Mining – Resolute is a successful African-focused gold miner with more than 30 years of experience as an explorer, developer and operator of ten gold mines which have produced more than 9 million ounces of gold. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG. Resolute currently owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Syama is a robust, long-life asset comprising a underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high quality, open pit gold mine which Resolute has owned and operated since August 2019. The Company is also active in exploration with drilling campaigns underway across its African tenements with a focus on Mali, Senegal and Guinea.
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