Resolute Mining Ltd

Resolute Mining's acquisition of Toro Gold 'confirms commitment to create leading African producer'

Resolute Mining Limited's (ASX:RSG, LON:RSG) managing director & CEO John Welborn speaks to Proactive London's Andrew Scott following the announcement they've signed a binding agreement with Toro Gold Limited to acquire all its shares for US$130 million cash and 142.5 million Resolute shares.

Resolute has revised its financial year 2019 production and cost guidance to 400,000 ounces of gold at an all-in-sustaining-cost (AISC) of US$960 an ounce, reflecting the inclusion of production from Toro's flagship Mako asset.

Quick facts: Resolute Mining Ltd

Price: $1.63

Market: ASX
Market Cap: $1.47 billion

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