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.
Local media in Mexico report that armed men robbed a truck carrying doré bars from the Noche Buena mine, operated by Minera Penmont, a subsidiary of precious metals miner Fresnillo (LON
The incident took place Friday evening in the Caborca-Sonoyta section of the International Highway in the northwestern state of Sonora.
The cargo was valued somewhere between $6 million and $8 million. Three security guards received non-life threatening injuries during the robbery.
According to Proceso magazine, Minera Penmont is asking state authorities to run an investigation to find out who are the masterminds behind the robbery and who are the people that actually carried it out.
Noche Buena produced 18% of Fresnillo’s total gold in 2018, which amounted to 167,208 ounces, and generated over 9% of total adjusted revenue. The open-pit, heap leach operation is located in the Herradura District, some 23 kilometres from Penmont’s Herradura mine.
