Syama Gold Mine

Resolute has announced Stuart Gale as MD and CEO. In addition to the CEO appointment, it has also announced Terry Holohan as COO.

Adopting renewable energy as a hybrid or even primary energy source is becoming a widely accepted solution for the African mining sector.

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.

Resolute is forecasting total gold production for CY21 of 350,000 oz to 375,000 oz at an AISC/oz of US$1,200/oz to US$1,275/oz

“We are committed to utilising advanced technologies and innovative techniques to achieve smarter and more sustainable mining operations."

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.