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.
At full capacity the Syama mine will produce approximately 46 000 t of ore per week using a fully integrated automated mine fleet.
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.
Investing in the establishment of one of the world’s most advanced automated underground gold mines is a major undertaking for any mining company.
The mining industry is an energy-intensive industry - a situation that is compounded by its intensive use of fossil fuels to power its operations.
"The sale of our Ravenswood Gold Mine delivers on our objective of ensuring a new long-life future for Ravenswood while maximising value for shareholders."
Gold miner Resolute Mining has not has not amended its current production or cost guidance in response to COVID-19.