Allied Gold Announces An Agreement With Malian Junta, Shares Dip
Allied Gold has reached a preliminary agreement with Mali for a 10-year permit on the Sadiola gold mine and permission to exploit the nearby Diba deposit. The country's recent overhaul of mining laws aims for higher state revenues. Allied's plans to expand the mine could make it a top-tier, low-cost producer, but ongoing conflicts and geopolitical risks make it a riskier investment.