Gold price soars on dovish Fed pronouncements and Middle East uncertainty
The gold price has been ticking up all year, but has now reached a five year high
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 will begin trading on London Stock Exchange today
The company is commissioning the world’s first fully automated underground gold mine in Mali with the aim of delivering a low-cost, large-scale operation with a mine life beyond 2032.
Resolute Mining expects to begin trading on Main Market of LSE this week
The gold producer’s prospectus in support of listing has been approved by the UK Financial Conduct Authority.
Resolute Mining tops up A$ gold hedge book with 30,000 more ounces
The company’s hedge book totals 190,000 ounces and represents less than 3% of its current gold ore reserves.
Resolute Mining secures additional mining leases at Ravenswood Expansion Project in QLD
The Ravenswood Gold Mine is expected to deliver low cost production for at least the next 14 years.
Resolute Mining’s Welborn steps up and buys another 25,000 shares on-market
The company produces gold from its Syama gold mine in Mali and its Ravenswood gold mine in Queensland.
Resolute Mining locks in some profits with forward sales
The hedge locks in some profits but the company remains highly exposed to future upside in the gold price.
Exore Resources intersects shallow high-grade gold in third identified target area within Cote d’Ivoire Gold Projects
The company now has a third large area prospective for gold after high-grade assays were previously reported at the Antoinette and Veronique prospects within its Bagoe project.
Resolute Mining obtains mining lease approvals to support Ravenswood Expansion Project in QLD
The nine approved mining leases expand Resolute’s available tenure for the proposed open pits within the Ravenswood Expansion Project.
Resolute Mining quarterly confirms record production from Syama
The company’s March quarterly report has confirmed the production update earlier in April.
Resolute Mining Tabakoroni resource supports underground gold mine potential
An updated estimate for the project near the Syama operations in Mali has increased the resource grade by more than 120%.
Resolute Mining set to benefit from new Mining Convention Agreement for Syama mine
The new agreement results in a 10% reduction in the tax rate to 25% among other benefits.
Resolute Mining increases production amid ramp-up at Syama, Mali mine
The miner produced 33% more gold last quarter, achieving record production at Syama in Mali.
S&P/ASX 200 closes higher after strong gains in mining and energy
Resolute Mining shares jumped 7.7% to $1.25 after the miner reported a 33% rise in quarterly gold output.
Resolute Mining achieves record quarterly gold production from Syama
Syama Underground Mine ramp-up is continuing with commercial production now targeted for the September 2019 quarter.
Resolute Mining scaling up to full gold production by quarter’s end
The Syama, Ravenswood and Bibiani gold mining projects are key assets for the international producer.
Resolute Mining reinvesting golden cash into mine life
The company aims to deliver long life, low-cost mines at Syama, Ravenswood, and Bibiani.
Resolute Mining maintains gold reserves and resources across broad portfolio
The company’s total investment in exploration and discovery since 2010 has been $193 million, with its historical cost calculated at $33 per reserve ounce and $19 per resource ounce.
Resolute Mining notes no material impact from recent extreme weather
The mine operated on a partial shutdown basis during the monsoon but plans to make it up.
Resolute Mining locks in more forward gold sales at high gold prices
The weak Australian dollar and strong gold price has resulted in high $A gold prices.