.jpg?source=invchron&width=608)
Last November, the chief executive of Resolute Mining (RSG) was detained in Mali by the country’s military government. The experience can’t have been pleasant for the British businessman, who was only allowed to go home once the gold miner coughed up $160mn (£127mn) in tax. The news also prompted a particularly loud groan in the Investors’ Chronicle office. Until the story broke, Resolute Mining had been the best performing investment idea of 2024.
On the whole, however, there were more positive surprises than negative ones last year, and our weekly investment calls beat the market. They have delivered an average return of 5.1 per cent to date, while the benchmark is up by 3.2 per cent.
| Average Return | Index | Out/Underperformance | |
| Buys (95) | 5.8% | 3.2% | 2.6ppt |
| Sells (5) | -7.6% | 4.3% | -11.9ppt |
| All Ideas | 5.1% | 3.2% | 1.9ppt |
| Source: FactSet, accurate to 06/01/25. Simple sterling-based price returns | |||