Australian gold miner shares plunge after chief executive detained in Mali

Quick Summary:

The company operates the Syama mine in Mali through a subsidiary of which it owns 80 per cent.

Listed gold miners have recorded strong gains this year as the precious metal hits all-time high valuations.

The news comes as the Malian government is increasing pressure on mining companies to renegotiate their contracts.

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Article Details

Author / Journalist: Leslie Hook

Category: MarketsFinanceInvesting

Markets: United StatesAustraliaBurkina FasoMaliNiger

Topics: Cent Financial Mining Mali Barrick Shares Resolute Gold Company Government Miner

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 08:31:06 (3 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 319 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23511758

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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Year Established: 1888

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