Resolute Mining acquires partner’s 40% stake in Mali JV partner

Unhedged gold miner Resolute Mining has entered into a sale and purchase agreement to acquire the 40% interest of its partner, Endeavour Mining, in its Finkolo joint venture (JV) operation in Mali for $20-million.

Resolute buys out partner in Mali gold JV

Gold miner Resolute Mining has taken full ownership of the Finkolo joint venture (JV), in Mali, after buying out Endeavour Mining’s 40% stake in the project for $20-million in cash. The JV covers an area within the Finkolo and N’Gokoli...

Mining Indaba Schedule

Company Announcement: Resolute initiates share buyback program

Resolute Mining Limited is pleased to advise that its Board of Directors has resolved to initiate an on-market share buyback program.

Feasibility for Syama gold expansion study ‘on track’ − Resolute

Gold miner Resolute Mining said on Thursday that it was on track to deliver the feasibility study for the expansion of its Syama gold project, in Mali, before the end of March next year. A strategic study completed in the June quarter confirmed...

Resolute sees gold output increasing by 24%

ASX-listed gold miner Resolute Mining has reported that gold production would increase by 24%, to 410 000 oz over the coming year. The forecast cemented Resolution’s position as the second-largest primary listed gold producer on the ASX, and...

Resolute Mining looking for acquisitions

Resolute Mining, which has operations in Mali, Australia and Tanzania, will look at potential acquisitions, mainly in Africa, CEO Peter Sullivan said this week. Resolute will produce 330 000 oz in the current financial year, and expects output of...

Resolute sees potential to expand Syama production, mine life

Gold-miner Resolute Mining on Thursday reported that reoptimising the openpit mine and adding oxide ore processing to the circuit could increase the mine life and production at its Syama mine, in Mali. The miner said in a statement that a...

Mali gold mine to be closed for two weeks – Resolute

Gold-miner Resolute Mining would suspend mining operations at its Syama project, in Mali, for the next two weeks for maintenance. Resolute said on Tuesday that the exciter motor on Mill 1 had suffered a failure, and was in the process of being...

Ravenswood gold reserve up 174% – Resolute

Gold developer Resolute Mining has increased its Ravenswood gold reserve by 174% to 1,5-million ounces. The ASX-listed company reported on Tuesday that an internal scoping study to assess the financial benefits of expanding the Sarsfield openpit...

Resolute may spend $42m to install grid power at Mali mine

ASX-listed Resolute Mining is investigating the possibility of changing to grid power at its Syama gold mine, in Mali. The miner said on Friday that the supply and installation of the 92-km grid connection from Sikasso to the Syama mine would...

Resolute to close gold hedge, raises A$40m

Perth-based Resolute Mining on Monday reported that it had raised A$40-million which would primarily be used to close out its gold hedge book. The company, which owns gold mines in Tanzania, Mali and in Australia’s Queensland state, said in a...