Resolute is a successful dividend-paying gold miner with more than 30 years of experience as an explorer, developer, and operator of gold mines in Australia and Africa which have produced more than 8Moz of gold. Resolute’s production and cost guidance for the 12 months to 31 December 2019 is 400,000 ounces of gold at an All-In Sustaining Cost of US$1,020 per ounce.
Resolute owns four gold mines. Its flagship asset is the world-class Syama Gold Mine in Mali (Syama) which can produce more than 300,000 ounces of gold per annum from existing processing infrastructure. Resolute is currently commissioning the world’s first fully automated underground mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Mako Gold Mine in Senegal is a high quality, low-cost asset with average annual production of ~140,000 ounces of gold. The Ravenswood Gold Mine in Australia and the Bibiani Gold Mine in Ghana are existing largescale assets that provide Resolute with significant production growth potential. Resolute has a pathway to annual gold production in excess of 500,000 ounces from a Global Mineral Resource base of more than 18 million ounces of gold.
Resolute trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.
John Welborn CEO Resolute Mining presents at the ShareCafe Mid-Cap Gold Miners Leading The Way Webinar on July 3, 2020. Resolute is a successful gold miner with more than 30 years of experience as an explorer, developer, and operator of gold mines in Australia and Africa which have produced more than 8 million ounces of gold.
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Resolute Mining (ASX:RSG) confirmed in an announcement this morning that CEO Terence Holohan and two other executives were detained in Mali after discussions with government officials.
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Resolute Mining (ASX/LSE: RSG) faced a challenging Q3 FY24, with gold production reaching 85,043 ounces — 6% below the previous quarter due to extreme rainfall at the Syama and Mako mines.
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The analyst reduces the target to $0.35 from $0.40 and retains an Outperform rating.
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Resolute Mining has finally gotten rid of its troublesome Bibiani mine in Ghana, with the company reporting Thursday it secured a $90 million sale to Canada’s Asante Gold Corporation.
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Gold miner Resolute has regained its Bibiani gold mining lease in Ghana but the government has retained control over who can buy it, putting the kibosh on a potential sale.
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Newcrest Mining has produced more reserves data for its emerging Red Chris gold mining complex in Canada as it prepares a major statement on the future development of the area for release in September.
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Shares in Resolute Mining, the African-focused gold producer, fell out of bed yesterday when the company revealed it had lost a gold mining lease in the West African country of Ghana.
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Gold miner Resolute Mining jumped more than 12% yesterday in the wake of a rise in the gold price and on news that it is on track to meet production guidance.
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A rising US dollar gold price is taking global gold equities higher and brokers note Australian gold stocks are lagging the move.
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Resolute Mining will sell Ravenswood gold mine for $50m cash, a $50m promissory note and up to $200m in contingent payments. Macquarie values the deal at $150m.
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