Resolute Mining Ltd  ASX:RSG

Company

First Coverage

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Resolute Mining Ltd ASX:RSG

$ 0.46

18/02/2016

Report Date Price
Growth Portfolio 18/02/2016 $0.46
Growth Portfolio 08/03/2018 $1.22

Overview

Resolute Mining Ltd is a successful African-focused gold miner with more than 30 years of experience as an explorer, developer and operator of ten gold mines which have produced more than 9 million ounces of gold and counting.

Resolute currently owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Our Global Mineral Resource base comprises 11 million ounces of gold.

Syama is a robust, long-life asset which is expected to produce 235-255,000oz of gold in 2021 from existing processing and mining infrastructure.

Mako is a high quality, open pit gold mine which Resolute has owned and operated since August 2019.

The Company is also active in exploration with drilling campaigns underway across its African tenements with a focus on Mali, Senegal, Côte d’Ivoire and Guinea. The Company is the owner of the Bibiani Gold Mine in Ghana.

Resolute Mining Ltd is forecasting total gold production for 2021 of 350,000 ounces to 375,000 ounces at an All-In Sustaining Cost of US$1,200 per ounce to US$1,275 per ounce.