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.
Canadian gold miner Northgate Minerals Corp expects production at its Young-Davidson mine in Northern Ontario to start in late first quarter of 2012.
The company, which has assets in Canada and Australia, expects the mine to produce 84,000-90,000 ounces of gold in 2012 and 134,000-140,000 ounces in 2013.
Northgate forecast the Young-Davidson to produce an average of 180,000 ounces of gold annually over an initial 15-year mine life.
