Mali Increases Sales Tax on Gold
Mining Weekly reported that the gold sales tax in Mali has been raised to 8%.
Mining Weekly reported that the gold sales tax in Mali has been raised to 8%.
Reuters reported that shares of Avion Gold (TSX:AVR) were down after it suspended work on expanding its mill in Mali.
Bloomberg reported that Randgold (NASDAQ:GOLD) said although political instability in Mali will likely continue, the company's gold output shouldn't be affected.
Mining Weekly reported that efforts to restore democracy in Mali have gold producers optimistic.
Reuters reported that shares of Avion Gold (TSX:AVR) were up following the announcement that its Mali gold production was up 30% in Q1.
Reuters reported that miners in Mali say sanctions will not disrupt gold mining operations in the country.
News from India, China, and Mali worked against the gold markets last week.
CNBC News reported that though share prices were down, Randgold (NASDAQ:GOLD) was maintaining normal operations at its Mali mine.
Business Insider reported an interview with investment strategist Mark Lackey on the potential for gold mining in West Africa.
Mining Weekly reported that Resolute Mining (ASX:RSG) has bought out its joint venture partner, Endeavour (TSX:EDV), in the Finkolo project.
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