What Does Mali’s Coup Mean for Miners?

A faction within Mali’s military declared on state television that they had seized power in protest over the government’s failure to suppress a rebellion in northern Mali. They also said the country’s constitution had been temporarily suspended. Share prices of several miners with operations in Mali dropped heavily on the news. Avion Gold Corp. (AVR:TSX; AVGCF:OTCQX) and Randgold Resources Ltd. (GOLD:NASDAQ) each fell about 12% on March 22 and may fall further as the uncertainty persists. Avion operates the Tabakoto and Kofi mining operations, both of which are about 220 miles northwest of the capital, Bamako. Avion also holds the promising Houndé gold project in Burkina Faso. “All operations at Tabakoto and Kofi are running normally and are . . . → Read More: What Does Mali’s Coup Mean for Miners?