PRECIOUS METALS

Resolute in consolidation mode following Bibiani deal

Resolute Mining is shifting into consolidation mode in West Africa having offloaded its Bibiani gold project in Ghana earlier this week, according to interim CEO Stuart Gale.

Oonagh Reidy
 Resolute Mining's Mako gold mine located in eastern Senegal, West Africa

Resolute Mining's Mako gold mine located in eastern Senegal, West Africa

Gale said the US$105 million generated by selling Bibiani would be used to repay company debt.   Resolute's net debt rose to $234 million at the end of September after industrial action triggered a...

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