We spoke to gas explorer and developer Sound Energy. Here are the latest updates from Executive Chairman Graham Lyon. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

IN BRIEF: Resolute Mining updates Syama life of mine production plan

Wed, 7th Apr 2021 17:54

Resolute Mining Ltd - Australia-based gold miner - Says ongoing mine design optimisation at the Syama gold mine in Mali, along with ongoing exploration and feasibility studies at Tabakoroni, has resulted in an updated Syama life of mine plan. Operation of the Syama underground mine, based on the current life of mine, extends to 2031 and with further exploration, is expected to continue beyond this timeframe. Over the current scheduled 11-year mine life, Syama will produce 2.9 million ounces of under USD1,000 per ounce.

"We are very pleased to release our latest plans for the Syama operations, which highlight an improved production and cost profile over the current 11-year mine life," says Interim Chief Executive Stuart Gale. "We remain very confident that the Syama life of mine will continue to develop and extend beyond what we have published today."

Current stock price: 27.00 pence, up 6.1% on Wednesday

Year-to-date change: down 43%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News

TRADING UPDATES: Distil expects solid annual growth, revenue up 48%

TRADING UPDATES: Distil expects solid annual growth, revenue up 48%

14 Apr 21 19:23

IN BRIEF: Resolute Mining updates Syama life of mine production plan

IN BRIEF: Resolute Mining updates Syama life of mine production plan

7 Apr 21 17:54

TRADING UPDATES: JKX 2020 profit drops; Resolute Mining keeps guidance

TRADING UPDATES: JKX 2020 profit drops; Resolute Mining keeps guidance

31 Mar 21 18:02

TRADING UPDATES: Arden Partners to return to annual profitability

TRADING UPDATES: Arden Partners to return to annual profitability

24 Mar 21 16:44

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.