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“We are pleased to have come to a quick and amicable resolution which provides clarity and confirmation of MGBL’s Mining Lease.
Resolute expects to generate sufficient operating cash flows to support debt repayments of $50 million in 2021.
The new plant will be highly efficient, reducing Syama’s power costs by approximately 40%, while reducing carbon emissions by about 20%.
Syama is regarded as the most advanced automated mine in the world and its progress is being keenly watched by the global mining community.
Syama will be an automated mine, and for those who say Africa isn’t ready to embrace digital, Syama has proven them wrong.
“Under his leadership, Resolute has been active corporately to build its mining profile and dual-list on the LSE." - Martin Botha
Resolute Mining has reinstated an updated production guidance at its Syama gold mine in Mali of between 400 000 oz to 430 000 oz of gold at an all-in sustaining cost of between US$980/oz and $1 080/oz for the 12 months to 31 December 2020.
Successful extension exploration drilling programmes, mine design improvements, and optimisation of mine scheduling work undertaken at gold producer Resolute Mining’s Mako gold mine in Senegal has resulted in material improvements to an updated life of mine plan.
Africa-focused gold miner Resolute Mining has committed more than US$1 million to support African host governments in their response efforts to combat the coronavirus pandemic.