Company
Resolute Mining Ltd
ASX:RSG
Resolute Mining Ltd is a successful African-focused gold miner with more than 30 years of experience as an explorer, developer and operator of ten gold mines which have produced more than 9 million ounces of gold. The company currently owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Syama is a robust, long-life asset comprising a underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high quality, open pit gold mine which Resolute has owned and operated since August 2019.
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Resolute Mining retains buy recommendation and $1.70 price target from Berenberg
Joh. Berenberg, Gossler & Co. KG, commonly known as Berenberg Bank, is the world's oldest merchant bank founded in 1590.
Resolute Mining MD and CEO John Welborn demonstrates confidence in the company with on-market purchase
The company has maintained its guidance for 2020 which is around 430,000 ounces of gold at an all-In sustaining cost of US$980 per ounce.
Resolute Mining completes second tranche of ~$195 million equity raising
The company has maintained its guidance for 2020 which has been set at a production of 430,000 ounces of gold at an all-In sustaining cost of US$980 per ounce.
Resolute Mining positive results present new Syama oxide gold opportunities
Near-surface exploration drilling programs at satellite deposits are returning high-grade oxide gold intersections.
Resolute Mining gets behind COVID-19 support efforts of host West African governments
A $1 million contribution builds on Resolute’s contribution of medical services and supplies to the communities surrounding the Syama Gold Mine in Mali and Mako Gold Mine in Senegal.
Resolute Mining completes Mako royalty acquisition and placement to directors
Despite the current COVID-19 pandemic, Resolute has maintained its production guidance for 2020 which has been set at 430,000 ounces of gold.
Resolute Mining production increase in March quarter solidifies 2020 guidance
Despite the current COVID-19 pandemic, Resolute has maintained guidance for 2020 has been set at production of 430,000 ounces of gold at an All-In Sustaining Cost of US$980 per ounce.
Resolute Mining completes sale of Ravenswood Gold Mine
Resolute has received A$100 million of upfront proceeds consisting of A$50 million in cash and A$50 million in promissory notes which earn a 6% coupon.
Resolute Mining aims for continuity during COVID-19 pandemic
Resolute’s corporate offices in Perth and London are following the applicable local guidance with staff operating remotely using technology solutions.
Resolute Mining executes new syndicated loan facility with maximum US$300 million limit
The new US$300 million facility comprises a three-year US$150 million revolving credit facility and a four-year US$150 million term loan facility.
Resolute Mining and Bellevue Gold are Canaccord Genuity’s top gold picks
Bellevue’s recent resource upgrade to 2.2 million ounces at 11.3g/t makes it a standout among pre-production peers.
Resolute locks in US$1,670 per ounce gold with forward sales
With only about 3% of the company’s Ore Reserves hedged, it is plenty leveraged to any gold price upside.
Resolute Mining's A$23.3 million SPP contributes to equity raising expected to exceed A$194 million
The gold producer is focused on equity raising during the first quarter of 2020.
Resolute Mining lifts gold resource inventory to 19.1 million ounces
The company has added 2.5 million ounces in resources during 2019 net of mining and stockpile deletion.
Resolute Mining takes advantage of strong gold price to forward sell 30,000 ounces
The company maintains a hedging policy of committing to forward deliveries of gold production to take advantage of elevated gold prices
Resolute Mining strengthens balance sheet by completing US$130 million debt repayment
Repayment of the facility was funded from proceeds of Resolute’s recent combined capital raising which aims to secure A$196 million.