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.
A robust gold price, new West African production, and strong performance from mining operations contributed to a 42% increase in revenue and an 81% increase in adjusted net earnings for Kinross Gold during the first quarter.
Meanwhile, Kinross has increased 2011 full year-production guidance to 2.67 million – 2.7 million gold equivalent ounces as a result of increasing the company’s Kupol interest to 100%.
