Resolute Mining says it will pay Mali $160 million in tax dispute
The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan.
Carlos Slim’s Mexican mining company Frisco (PINK:MFRVF) enjoyed a first-quarter revenue jump of 40% to $260 million on increased gold, silver and copper production.
Gold production increased 30% to 76,980 ounces, silver was up 47% to 1.95 million ounces and copper rose 46% to 3,508 ounces.
Frisco is Slim’s third largest holding behind financial services company Grupo Finaciero Inbursa and telecoms titan America Movil.
Minera Frisco 3 month stock performance
Sources: Bloomberg; Reuters
