Resolute Mining Limited

Resolute is a successful dividend-paying gold miner with more than 30 years of experience as an explorer, developer, and operator of gold mines in Australia and Africa which have produced more than 8Moz of gold. Resolute’s production and cost guidance for the 12 months to 31 December 2019 is 400,000 ounces of gold at an All-In Sustaining Cost of US$1,020 per ounce.

Resolute owns four gold mines. Its flagship asset is the world-class Syama Gold Mine in Mali (Syama) which can produce more than 300,000 ounces of gold per annum from existing processing infrastructure. Resolute is currently commissioning the world’s first fully automated underground mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Mako Gold Mine in Senegal is a high quality, low-cost asset with average annual production of ~140,000 ounces of gold. The Ravenswood Gold Mine in Australia and the Bibiani Gold Mine in Ghana are existing largescale assets that provide Resolute with significant production growth potential. Resolute has a pathway to annual gold production in excess of 500,000 ounces from a Global Mineral Resource base of more than 18 million ounces of gold.

Resolute trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.

ASX Code

ASX200 Materials


Spotlight Videos

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Analyst Views

RSG – Macquarie rates as Outperform

Resolute Mining has published an updated definitive feasibility study for Syama which shows a fall in operating costs, thanks to a ramp-up in automation, and an extension to mine life. Resolute also revealed expansion options for the project, which would result in higher production.

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