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Resolute Mining Provides Update on Bibiani Gold Mine

24 Mar 2021  |  19:01:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Bibiani Gold Mine Update

Resolute Mining advised that it had received a letter dated 23rd March 2021 from the Ghanaian Minerals Commission advising that, on the instructions of the Ghanaian Honourable Minister of Lands and Natural Resources (the Minister), the Mining Lease for the Bibiani Gold Mine stands terminated. The Company had been advised to cease all activities and operations at the mine site. This action was unexpected and Resolute was seeking clarification from the Minister's office for the rationale for the termination. As a result of this notice Resolute was currently seeking legal advice on the validity of the notice, its rights of appeal and potential recourse and more.

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