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Resolute Mining gains first mover advantages in Sudan through Orca Gold Investment

Managing director and chief executive of Resolute Mining Ltd (ASX:RSG), John Welborn, speaks to Proactive Investors about the multinational gold producer’s strategic investment in emerging explorer Orca Gold Inc (TSX:ORG).

Resolute Mining has acquired a 15% stake in the Canadian public company through a transaction valued at $22.5 million. The investment leverages Resolute Mining to development opportunities in Sudan, Côte D’Ivoire, and elsewhere in Africa. It adds to an investment portfolio including Oklo Resources (ASX:OKU), Loncor Resources (TSX:LN), and Mako Gold (ASX:MKG).

Quick facts: Resolute Mining Limited

Price: 1.215 AUD

Market: ASX
Market Cap: $1.58 billion

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