Resolute Mining slumps 7%, Mali hostage CEO Holohan resigns

Resolute Mining

03/02/2025 24:14

** Shares of Australia's Resolute Mining  RSG.AX  fall 7.2%
to A$0.385, their lowest level since Jan. 21
    ** Stock marks its biggest intraday drop since mid-December
last year
    ** RSG among top 5 losers in the ASX All Ordinaries index
 .AORD 
    ** Losses in-line with decline in the broader ASX200
benchmark index  .AXJO , which is down 2% due to potential
impact of U.S. tariffs on imports from China - Australia's top
trading partner
    ** RSG says CEO and Managing Director Terry Holohan will be
stepping down effective immediately
    ** Chris Eger will formally assume role of CEO, while Dave
Jackson will be the new CFO
    ** Holohan's exit comes months after his release from a
detainment in Mali regarding company's general activities; RSG
paid Mali govt $160 million to resolve a tax dispute
    ** RSG up 5% this year, including the day's move

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))