Resolute Mining locks in high gold price and increases stake in Manas Resources
Pricing for near half of planned gold production through to December 2019 is now locked in.
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 shows ongoing commitment to community by building new school
Ravenswood is a small mining town in Queensland and also the name of the gold mine.
Resolute Mining increases quarterly gold production by 33%
Gold is produced from the Syama mine in Mali and the Ravenswood mine in Queensland.
Resolute Mining strengthens Australian dollar gold hedge with a further 30,000 ounces
The forward sale is intended to take advantage of strength in the Australian dollar gold price.
Resolute Mining discovers more gold at Tabakoroni
Tabakoroni is 35 kilometres south of the operating Syama Gold Mine.
Resolute Mining delivering Syama gold mine on time and on budget
Syama is the world’s first, purpose-built, fully automated sub-level cave gold mine.
Resolute Mining's Ravenswood expansion receives prescribed project status extension
The extension will assist Resolute in finalising additional approvals to allow project works to begin.
Resolute Mining seeks listing on Main Market of the London Stock Exchange
The gold producer believes the listing will facilitate improved access to gold and African-focused institutional investors.
Resolute Mining Limited expects 40% Syama power cost savings with new solar hybrid plant
The gold miner has signed a Joint Development Agreement with Ignite Energy Projects Pty Ltd.
Oklo Resources to start gold drilling program in Mali later this month
The company will pick up drilling at its projects which have delivered high-grade African gold.
Resolute Mining adds 30,000 ounces from Syama to gold hedge book
The move aims to secure US$ revenues during the ramp-up phase of the underground project in Mali.
Resolute Mining’s John Welborn adds to shareholding, brings total to 4.5 million shares
The company is transforming its Mali and Queensland gold mines into low-cost, long-life operations.
Resolute Mining begins first stope production at Syama Underground, maintains FY19 guidance
The company is transforming both its Syama and Ravenswood gold mines into long-life, low-cost operations over 3 years.
Investments and investor services
Brisbane Resources Round-up will showcase Australia’s resources sector
The annual convention is on next week at the Hilton Brisbane with 48 presentations and 70 exhibitors.
Resolute Mining adds to its gold hedge book as production increases
Total gold hedge book, including today’s, consists of 85,000 ounces in monthly deliveries out to December 2019.
Resolute Mining managing director and CEO buys more shares
John Welborn was appointed managing director and CEO on 1 July 2015.
Resolute Mining appoints mining engineer to board
The company is a gold producer ramping up to 500,000 ounces per annum production.
Resolute Mining generates solid cash flow in FY18 on road to 500,000 ounces per annum
The company is developing the world’s first fully automated underground gold mine.
Resolute Mining grows gold inventory substantially
The company is in the process of developing its third operating gold mine Bibiani in Ghana.
Oklo Resources’ substantial shareholder Resolute Mining increases its stake
Oklo is leveraged to the prolific greenstone belts of Western Mali.