logo-loader
viewResolute Mining Limited

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: 1.1875 AUD

ASX:RSG
Market: ASX
Market Cap: $1.07 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Resolute Mining Limited named herein, including the promotion by the Company of Resolute Mining Limited in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Resolute Mining's acquisition of Toro Gold 'confirms commitment to create...

Resolute Mining Limited's (ASX:RSG, LON:RSG) managing director & CEO John Welborn speaks to Proactive London's Andrew Scott following the announcement they've signed a binding agreement with Toro Gold Limited to acquire all its shares for US$130 million cash and 142.5 million Resolute...

on 1/8/19

2 min read