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Resolute Mining gains first mover advantages in Sudan through Orca Gold Investment

Managing director and chief executive of Resolute Mining Ltd (ASX:RSG), John Welborn, speaks to Proactive Investors about the multinational gold producer’s strategic investment in emerging explorer Orca Gold Inc (TSX:ORG).

Resolute Mining has acquired a 15% stake in the Canadian public company through a transaction valued at $22.5 million. The investment leverages Resolute Mining to development opportunities in Sudan, Côte D’Ivoire, and elsewhere in Africa. It adds to an investment portfolio including Oklo Resources (ASX:OKU), Loncor Resources (TSX:LN), and Mako Gold (ASX:MKG).

Quick facts: Resolute Mining Limited

Price: 0.85 AUD

ASX:RSG
Market: ASX
Market Cap: $938.31 m
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Political unrest in Mali is 'no reason to panic' for miners in the region...

Mining Capital's Alistair Ford talks to Proactive London about the current political turmoil in Mali and the potential implications the ousting of the country’s President could have on miners in the region. Ford says so far it's business as usual in the gold mining sector - which is welcoming...

on 20/8/20

2 min read