PERTH (miningweekly.com) – Gold producer Resolute Mining has reported a drop in production for the September quarter, as mining from the Stage 1 Syama openpit mine, in Mali, was completed in the previous quarter.
Mill feed for the sulphide circuit at Syama was being sourced from stockpiled material, which resulted in lower ore grades.
Total gold production reduced from the 99 329 oz produced in the June quarter to 80 080 oz for the quarter under review, with the Syama mine contributing 49 267 oz and the Ravenswood mine, in Australia, contributing 30 813 oz.
Resolute MD and CEO John Welborn said the September quarter production results were a solid start to the financial year from a cost and cash perspective and demonstrated the ability of Resolute’s operations at Syama and Ravenswood to generate positive cash flows that would drive future growth.
“Strong and consistent operational performance has allowed Resolute to focus on strengthening our balance sheet as we prepare for a number of exciting organic growth opportunities.”
Resolute was currently advancing three feasibility studies to reposition its exiting assets, with the miner considering underground operations at Syama, mine-life extensions at Ravenswood and bringing its Bibiani project, in Ghana, into production.
Resolute maintained its production guidance at some 315 000 oz for the full year.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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