Gold loses some luster after Trump’s decisive win
Gold’s slide is a marked turnaround for a commodity that had surged by more than 30% in the year leading up to the US vote.
Resolute Mining Ltd. will pay the Mali government about $160 million as it seeks to resolve a tax dispute that’s seen its chief executive officer detained.
Resolute has paid an initial settlement of $80 million and will be the balance in existing liquidity sources in coming months, it said in a statement Monday.
The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan, along with two colleagues, broke around Nov. 10.
(By Sybilla Gross)
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