(Alliance News) - Resolute Mining Ltd maintained its annual production guidance despite having to take the roaster at its Syama projects offline for repair, though it now expects to post a higher all-in sustaining cost.
Chief Executive John Welborn said: "Resolute's positive progress at Syama during the quarter was balanced by unplanned roaster maintenance in September and the more serious detection of a crack in the roaster in early October."
"We are working on our roaster repair plan and expect the roaster will be fully operational by early to mid-December 2019," Welborn added. "As we have announced, as part of the repair plan we are undertaking a full structural and operational assessment of the roaster and all associated infrastructure and production handling systems."
As previously reported, Resolute reported a 32% production rise to 103,201 ounces of gold in the three months ended September 30, from 78,132 ounces in the quarter-ended June 30. The AISC was USD1,202 per ounce.
"Delivering gold production of more than 100,000 ounces in the September quarter is a good result considering the Syama roaster was offline for unscheduled maintenance for part of the period," said Welborn.
The firm has maintained its production guidance for 2019 at 400,000 ounces of gold, though it has revised its AISC to USD1,020 per ounce from USD960 per ounce.
Shares in Resolute closed 2.7% higher at 66.75p on Thursday.
By Anna Farley; annafarley@alliancenews.com
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Resolute Mining (RSG)