https://www.miningweekly.com
Exploration|Gold|Industrial|Mining|Equipment|Operations
Exploration|Gold|Industrial|Mining|Equipment|Operations
exploration|gold|industrial|mining|equipment|operations

Resolute readies for 2021

15th January 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Resolute Mining has set a production target of between 350 000 oz and 375 000 oz for the 12 months to December, which is below the 395 136 oz achieved in the 2020 calendar year.

All-in sustaining costs (AISC) for the 2021 calendar year are expected to reach between $1 200/oz and $1 275/oz, compared with the $1 074/oz achieved in 2020.

Resolute on Friday reported gold production of 89 888 oz for the three months to December, with its Syama sulphide operation producing 35 747 oz, the oxide operation contributing 10 754 oz, and the Mako mine delivering 43 387 oz.

The miner told shareholders that operations at the Syama gold mine, in Mali, were impacted by mining equipment availability and process plant material handling issues during the December quarter, while the team also managed the impact of 15 days of industrial disruption during the quarter, while maintaining production through both the sulphide and oxide processing plants by using available ore and redeploying staff as required.

Looking at the 2021 production profile, Resolute expected sulphide production from Syama to increase by more than 25% to between 155 000 oz and 170 000 oz, with a resulting decrease in AISC for the operation, while a planned 36-day shutdown of the sulphide processing circuit is also on the cards during September and October this year.

The oxide production at Syama is expected to reach between 80 000 oz and 85 000 oz in the full year.

The Mako mine is further expected to deliver between 115 000 oz and 120 000 oz in 2021, with production for the year expected to be lower than that achieved in 2020, while unit costs will be higher, as a cut-back of the main pit is undertaken, which will provide access to deeper sections of the deposit and increase the mine life.

Resolute is forecasting a non-sustaining capital expenditure of some $29-million in 2021, inclusive of the Mako cutback of $13-million and an exploration programme of $6-million.

Sustaining capital expenditure included in the AISC is expected at $49-million.

Edited by Creamer Media Reporter

Comments

Latest News

The integration of Alamos' Island Gold mine (pictured) and Argonaut's Magino mine will create synergies of $515-million.
Alamos buys rival Argonaut
27th March 2024 By: Mariaan Webb

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 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:0.132 0.166s - 109pq - 2rq
Subscribe Now