Resolute Mining’s shares have taken a hit after the gold miner confirmed that its chief executive, Terry Holohan, and two other employees were being held by Mali’s military junta in the landlocked African country.

The three executives reportedly were taken to a unit specializing in the fight against corruption and economic and financial delinquency, and were placed in police custody

Shares in Australia’s Resolute Mining Ltd. plunged more than 30% on Monday after the gold producer confirmed its chief executive officer and two other employees were unexpectedly detained in Mali late last week.

Three executives from an Australian gold miner have been taken in police custody in Bamako, Mali to be questioned in a case of alleged forgery and damage to public property, people familiar with the matter confirmed.

Resolute Mining Ltd (ASX:RSG, LSE:RSG) chief executive Terry Holohan and two other executives have been detained by authorities in the military-ruled African country of Mali.

Australian gold miner Resolute Mining confirmed on Sunday that the company's CEO Terence Holohan and two other employees have been temporarily detained by government officials in Mali. The executives were in Bamako to hold discussions with the mining and tax authorities regarding general activities related to the company's business practices in Mali.

Terry Holohan, chief executive officer of Australian gold miner Resolute Mining Ltd., has been detained by the military-controlled government of Mali in West Africa, according to people with knowledge of the matter.