Resolute puts African cards on the table

18th March 2022 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

Gold miner Resolute Mining has unveiled its life-of-mine (LoM) production plans and cost expectations for the next five years.

The ASX- and LSE-listed miner said recently that it expected to produce about 370 000 oz up to 2026, at an average all-in sustaining cost (AISC) of A$1 191/oz.

To 2033, total LoM production is expected to reach 3.5-million ounces, at an all-in sustaining cost of A$1 110/oz. The Sayama operation, in Mali, is expected to contribute an average 243 000 oz/y at an average aAISC of A$993/oz over the current 12-year mine life to 2033.

The Syama oxide operation’s production has been extended to 2026, reflecting exploration success.

Development of the Tabakoroni sulphide mine at an estimated cost of A$80-million to A$100-million has been deferred to 2026, owing to the extension of oxide production. Based on the current schedule, development is expected to commence late in 2024, with Tabakoroni sustaining Syama sulphide production between 250 000 oz/y to 300 000 oz/y from 2026.