https://www.miningweekly.com
Africa|Business|Energy|Gold|Mining|PROJECT|Resources|Operations
Africa|Business|Energy|Gold|Mining|PROJECT|Resources|Operations
africa|business|energy|gold|mining|project|resources|operations

Resolute increases output in March quarter

6th April 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Africa-focused gold miner Resolute Mining poured 110 763 oz of gold during the three months to March, a 5 470 oz increase on the December quarter.

The ASX-listed miner on Monday reported that gold recoveries for the March quarter were up by 15% on the previous quarter, to 119 683 oz.

The Syama gold mine, in Mali, poured 57 531 oz of gold during the quarter under review, comprising 21 430 oz from the sulphide circuit and a further 36 101 oz from the oxide circuit.

The Mako mine, in Senegal, added a further 42 186 oz to Resolute during the quarter, while the Ravenswood mine produced 11 046 oz prior to its sale to a consortium consisting of private equity manager EMR Capital and energy and mining company Golden Energy and Resources.

Resolute has updated its 2020 production guidance to 430 000 oz, at an all-in sustaining cost of $980/oz, removing future production from Ravenswood following the sale of the asset. The Syama project is expected to deliver 260 000 oz in the full year, while Mako will deliver an additional 160 000 oz.

MD and CEO John Welborn told shareholders that the company’s focus was on maintaining and improving operational performance during the Covid-19 pandemic.

“Across our business we remain resolute. The challenges presented by Covid-19 continue to change on a daily basis. We are working closely with our employees, contractors and stakeholders, including our host governments, to safeguard our people and our operations. Our collective response to Covid-19, and our performance in the March quarter, has allowed us to maintain our previous production and cost guidance for 2020 for Syama and Mako.”

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
17th 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:0.151 0.18s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: