|Bid||0.00 x 1500000|
|Ask||0.00 x 750000|
|Day's Range||37.49 - 38.05|
|52 Week Range||16.05 - 40.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.54|
Industrial gold production in Mali, Africa's third biggest producer, is on track to exceed earlier forecasts for this year, a government official said on Friday. Mali's industrial miners produced 46.9 tonnes of gold last year, but the government said in May that production in 2017 would slip to about 45 tonnes as the country waited for new mines to come online next year. Mamadou Sidibe, deputy director of the government's Cell for Planning and Statistics, did not give an updated forecast for 2017 production.
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African Gold Group and Hummingbird Resources on Wednesday said they had conditionally agreed on an $6.4 million deal for Hummingbird to operate the Kobada Gold Project in Mali. In two separate statements, African Gold Group said it was selling a 19.99 percent stake to Hummingbird Resources for 8 million Canadian dollars ($6.44 million) and at the same time would allow Hummingbird to acquire half of the Kobada project. "Hummingbird provides us the financial capacity to develop the Kobada Gold Project and we are also gaining a partner with an operational presence in Mali," said Stephan Theron, Chief Executive Officer of AGG.
Mali is forecasting 2017 GDP growth of 5.3 percent due to expectations of a strong grain and cotton harvest and gold production, Diakaridia Dembélé, technical adviser at the finance ministry said on Saturday. ...