Randgold rises on news of temporary Mali government
Gold miner Randgold Resources has said it welcomes the appointment of a new interim government in Mali, which marks another step towards normalisation of the country following the coup attempt earlier this year.
Gold miner Randgold Resources has said it welcomes the appointment of a new interim government in Mali, which marks another step towards normalisation of the country following the coup attempt earlier this year.
Randgold operates the Loulo and Gounkoto gold mines in Mali as well as the Morila joint venture and is one of the largest contributors to the country's economy.
The temporary government has been formed with the support of Ecowas and the international community and has been extended to constitute a government of national unity including all the political parties and civil society.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief executive Mark Bristow said it was pleasing to see that continued progress was being made in restoring full political stability in a country which had long been an "exemplary democracy".
"We have often said that we have confidence in the ability of Mali's people to resolve their differences in a constructive manner and, while there is still some way to go, this confidence remains unshaken. In the meantime, we continue to stay in touch with all parties and to monitor the situation closely," he added.
The firm's share price rose 3.66% to 6,370p by 12:29.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
LVMH is set to prosper as the wealthy start shopping againAfter two years of uncertainty, the outlook for LVMH is starting to improve. Is now a good time to add the luxury-goods purveyor to your portfolio?
-
Japan is still rising to new highs – here's how to investOpinion Political ructions in Japan are no obstacle to gains, and the return of inflation may even benefit stocks, says Max King. What is Japan doing right?
