Resolute warns roaster crack to hit Syama production
ASX- and LSE-listed Resolute Mining has warned of a “material impact” on production at its Syama gold mine, in Mali, following the detection of a crack in the main shell of the roaster in the sulphide processing circuit.
Resolute recently completed unscheduled maintenance on the sulphide crusher apron feeder and roaster refractory liner. The roaster was brought back into service following 18 days off line and was expected to operate normally during the December quarter.
However, upon reheating and under normal operational loads, a crack had been observed in the external shell of the roaster, which the miner said on Wednesday was unrelated to last month’s maintenance and repair work.
A repair plan had been drawn up, but the timing of the roaster shutdown in the December quarter would only be announced at a later stage, Resolute said in a statement.
The Syama sulphide circuit produced 12 730 oz in the September quarter and the oxide circuit 33 074 oz.
The group’s guidance for 2019 is for overall production of 400 000 oz at an all-in sustaining cost of $960/oz.
Resolute’s stock plunged 13% to 68.22p a share on the LSE by 12:38 in London. The announcement was made after the markets closed in Australia.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation