Mali: Shares in gold mining fall despite continual production after coup as China wades into crisis

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Analysts say future production and investment in Mali's gold is in doubt.

Gold mining companies operating in Mali said on Wednesday they have observed a steep-fall in their share prices despite a continual production after the military coup in the wake of the months-long political crisis in the Sahel state.

The traders all said their mines were producing and staff were safe but their share prices sunk way below targets amid political uncertainty in Mali. In 2919, Mali’s gold output rose to 71.1 tonnes, contributing 403.6 billion CFA of the government revenue while the mining sector accounted for 9.7% of its GDP.

 

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