Resolute CEO ‘optimistic’ for new year

Resolute Mining's flagship project Syama in Mali, West Africa. Image: Resolute Mining

Resolute Mining has beaten the odds with surging gold production for the December 2019 quarter despite an operational setback at the Syama mine in Mali, West Africa.

The company’s output increased by 2092 ounces to reach 105,293 ounces during the quarter, despite Syama’s sulphide circuit being offline for the majority of the period.

Resolute’s unscheduled material loss of production from the circuit was compensated by the outperformance of the Syama oxide circuit.

The Syama oxide circuit produced 180,534 ounces, while the sulphide circuit produced 62,524 ounces.

“Syama sulphide production fell well short of our expectations in both the September and December quarters,” Resolute managing director and chief executive John Welborn said.

“Our operating and project teams have worked hard to offset lost production with strong performance from our other operating assets.

“The repairs to the Syama roaster are now complete and the sulphide circuit is ready for a strong performance in 2020.”

Resolute has stockpiled more than 400,000 tonnes of underground ore which are available for processing.

In Australia, Resolute maintained the same upward trend in output, producing 15,351 ounces in the Ravenswood mine in Queensland in the December quarter. This represents an increase of 2146 ounces on the previous period.

“We have … completed stage one of the Ravenswood expansion project. … With a pipeline of growth opportunities and Syama positioned to deliver on its potential, I am highly optimistic for 2020,” Welborn concluded.

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