https://www.miningweekly.com

Syama production drops Resolute figures

30th October 2015

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Gold producer Resolute Mining has reported a drop in production for the September quarter, as mining from the Stage 1 Syama openpit mine, in Mali, was completed in the previous quarter.

Mill feed for the sulphide circuit at Syama was being sourced from stockpiled material, which resulted in lower ore grades.

Total gold production reduced from the 99 329 oz produced in the June quarter to 80 080 oz for the quarter under review, with the Syama mine contributing 49 267 oz and the Ravenswood mine, in Australia, contributing 30 813 oz.

Resolute MD and CEO John Welborn said the September quarter production results were a solid start to the financial year from a cost and cash perspective and demonstrated the ability of Resolute’s operations at Syama and Ravenswood to generate positive cash flows that would drive future growth.

“Strong and consistent operational performance has allowed Resolute to focus on strengthening our balance sheet as we prepare for a number of exciting organic growth opportunities.”

Resolute was currently advancing three feasibility studies to reposition its exiting assets, with the miner considering underground operations at Syama, mine-life extensions at Ravenswood and bringing its Bibiani project, in Ghana, into production.

Resolute maintained its production guidance at some 315 000 oz for the full year.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.182 0.222s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: