Business
These were the worst performing ASX 200 shares in Q1 of 2021
It was a positive first quarter of 2021 for the S&P/ASX 200 Index (ASX: XJO). During the three months, the benchmark index climbed a solid 3.1%.
Unfortunately, not all shares on the index climbed higher with the market. Here’s why these were the worst performers on the ASX 200 during the first quarter:
Resolute Mining Limited (ASX: RSG)
The Resolute share price was the worst performer during the first quarter with a 44.7% decline. A softening gold price, a weak full year result, and disappointing guidance were weighing on this gold miner’s shares already prior to a bombshell announcement in the final week of the month. That announcement revealed that the Ghanaian government terminated its Bibiani Gold Mine licence. This was…
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