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Share Price: 24.60

Bid: 24.00

Ask: 24.60

Change: 1.60 (7.05%)

Spread: 0.60 (2.50%)

Open: 23.40

High: 24.80

Low: 23.40

Prev. Close: 22.70

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IN BRIEF: Resolute sells Bibiani mine to Asante Gold for USD90 million

Thu, 05th Aug 2021 14:35

Resolute Mining Ltd - gold miner with assets in Africa - Enters agreement to sell Bibiani Gold Mine in Ghana to Asante Gold Corp for a USD90 million total cash consideration. Says Asante is an experienced explorer and developer of gold projects, including the Kubi Gold Project.

Notes receipt of USD30 million deposit. Says it will receive a further USD30 million within six months of completion and the final USD30 million payment within twelve months of completion. Says the agreement has received ministerial consent. Expects completion within ten days.

"The transaction is consistent with our strategic focus on our core operating assets and strengthening the balance sheet," says Chief Executive Stuart Gale.

In April, the company's attempted sale of Bibiani, to Chifeng Jilong Gold Mining Co Ltd for USD105 million, was cancelled by the buyer after the mining lease for the area was temporarily revoked.

Current stock price: 30.00 pence, up 3.6% on Thursday

Year-to-date change: down 36%

By Scarlett Butler; scarlettbutler@alliancenews.com

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7 Dec 2022 15:26

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28 Nov 2022 11:52

IN BRIEF: Resolute Mining gets final payment from Bibiani mine sale

Resolute Mining Ltd - Perth-based gold miner in Africa - Receives the third and final USD10 million tranche for the sale of Bibiani gold mine in Ghana from gold production, exploration and development company Asante Gold Corp. The firm and Asante also are in discussions regarding the payment of an environmental bond and its interest.

28 Nov 2022 11:15

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18 Nov 2022 16:49

IN BRIEF: Resolute Mining issues 258.2 million shares for fundraise

Resolute Mining Ltd - Perth-based gold miner in Africa - Issues 258.2 million shares at 16 Australian cents per share. Issuance relates to a placement to raise AUD41 million, around GBP23.0 million, announced November 10.

14 Nov 2022 19:52

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11 Nov 2022 15:24

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28 Oct 2022 14:36

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20 Oct 2022 17:23

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17 Oct 2022 21:50

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6 Oct 2022 10:46

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20 Sep 2022 11:59

IN BRIEF: Resolute Mining receives GBP10 million payment from Asante

Resolute Mining Ltd - Perth-based gold miner in Africa - Receives first USD10 million payment under its deferred payment arrangement with Asante Gold Corp. Expects to receive further USD10 million payment on or before October 19, and a final payment of USD12.7 million on or before November 18.

30 Aug 2022 17:34

IN BRIEF: Resolute Mining increases Syama North resource estimate

Resolute Mining Ltd - Perth-based gold miner in Africa - Mineral resources estimate for Syama North increases 40% to 2.0 million ounces of gold at a cut-off grade of 1 gram per tonne.

25 Aug 2022 17:58

IN BRIEF: Resolute Mining interim earnings improve on gold price hike

Resolute Mining Ltd - Perth-based gold miner in Africa - Revenue in first half of 2022 rises 22% to USD317.7 million from USD261.3 million a year earlier. Pretax loss narrows markedly to USD8.0 million from USD204.3 million. Average realised gold price rises 5.9% to USD1,824 an ounce from USD1,723 a year earlier. "I am pleased with the ongoing continuous improvement of the Syama sulphide operation, which achieved 4% more gold produced on the comparable period including the planned major maintenance shutdown in H1 2022," Chief Executive Terry Holohan says.

5 Jul 2022 11:18

IN BRIEF: Resolute Mining shares jump as sanctions lifted in Mali

Resolute Mining Ltd - Perth-based gold miner in Africa - Welcomes news that the economic and financial sanctions imposed on Mali by the Economic Community of West African States have been lifted. The sanctions were made after Mali's interim government proposed a 24-month transition to democracy and published a new electoral law. They began on January 9 and were lifted on Sunday. Company's portfolio holds a number of operations in Mali, including the Syama gold mine.

16 Jun 2022 13:18

IN BRIEF: Resolute Mining sees significant higher grade gold at Syama

Resolute Mining Ltd - Perth-based gold miner in Africa - Reports significant, higher grade gold intersections from its Syama North area. These intersections include 16 metres at 4.74 grams per tonne from 107 metres, 15 metres at 4.35 grams per tonne from 99 metres and, 7 metres at 6.56 grams per tonne from 161 metres. Work also outlines the potential for a new open pit sulphide deposit. The drilling programme is ongoing and is expected to continue throughout 2022. An updated mineral resource estimate will be carried out in the third quarter of the year.

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IN BRIEF: Resolute sells Bibiani mine to Asante Gold for USD90 million

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