Resolute Mining CEO and executives detained in Mali
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 adjusts to Q3 setbacks as costs rise
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.
Read MoreRSG – Macquarie rates the stock as Outperform
The analyst reduces the target to $0.35 from $0.40 and retains an Outperform rating.
Read MoreResolute Finally Gives Up on Bibiani
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.
Read MoreReturn of Resolute Lease Comes with a Rider
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.
Read MoreRed Chris Rolling Along for Newcrest
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.
Read MoreResolute Mining Loses Key African Lease
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.
Read MoreResolute On Track To Meet Production Guidance
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.
Read MoreResolute Mining – ShareCafe Gold Miners Leading The Way Webinar Presentation
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.
Read MoreMore Upside Likely For Oz Gold Equities
A rising US dollar gold price is taking global gold equities higher and brokers note Australian gold stocks are lagging the move.
Read MoreRSG – Macquarie rates the stock as Outperform
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.
Read MoreRSG – Macquarie rates the stock as Outperform
The company’s 2020 production guidance of 500,000 ounces is in line with Macquarie’s expectations while guidance for AISC of US$980/oz is -19% below forecasts.
Read MoreRSG – Citi rates the stock as Buy
The company has pre-released September quarter gold production, the first to include the newly-acquired Mako mine. Overall, production beat Citi’s estimates by 5%.
Read MoreGold Really Is Shining – My Forecasts Raised
I know this is the fifth time I am writing about gold but with the precious metal surging to fresh new multi-year highs I need to stress to readers the enormous opportunity that is being presented to investors.
Read MoreResolute Mining Unveils Syama Potential
Gold miner Resolute Mining ((RSG)) has garnered attention after delivering an updated Definitive Feasibility Study (DFS) for its Syama Underground mine in Mali.
Read MoreResolute Mining Upbeat Despite Profit Slip
Shares in Resolute Mining dipped nearly 3% yesterday after the company released unaudited profit figures for 2016-17 that fell a bit short of expectations. The release was made to coincide with a presentation the company gave to a WA mining conference.
Read MoreProduction Update Lifts Resolute Mining
Shares in Resolute Mining got a small kick along yesterday after the company revealed it had done much better in 2016-17 than expected, boosting gold production by more than forecast and slashing costs.
Read MoreResolute To Raise $150m For Ravenswood Gold
Resolute Mining is taking the opportunity of the boom in its shares this year to ask the market for at least $150 million in new capital.
Read MoreResolute Back In The Black
Resolute Mining Limited (RSG) has become the latest Australian mining company to ‘pre-release’ its 2015-16 results by reporting that it earned a record net after tax profit of $213 million for the year ended to June 30. That compares to the $569 million loss for 2014-15.
Read MoreMining: Resolute’s Big 2012
Resolute Mining is looking at a very sharp jump in revenues (and presumably earnings) in the 2012 financial year after updating the market yesterday on its production plans which contained forecasts of a 24% rise in output and a near 20% drop in costs.
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