Last checked at 27 Mar 2020 07:01
27 March 2020
Resolute Mining Limited
(Resolute or the Company)
2019 Financial Results Presentation
Resolute Mining Limited (ASX/LSE: RSG) advises that the 2019 Financial Results Presentation has been released to the Australian Securities Exchange.
A full PDF version of the announcement is available from the Company's website: https://www.rml.com.au/investors/asx-announcements/.
For further information, contact:
John Welborn Managing Director & CEO | Jeremy Meynert General Manager - Business Development & Investor Relations |
About Resolute
Resolute is a successful, dividend paying gold miner with more than 30 years of experience as an explorer, developer and operator of gold mines in Australia and Africa which have produced more than 8 million ounces of gold. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.
Resolute has a Global Mineral Resource base of more than 19 million ounces of gold. The Company's flagship asset is the world class Syama Gold Mine in Mali which has the ability to produce 300,000 ounces of gold per annum from existing processing infrastructure. Resolute has commissioned the world's first automated underground mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Mako Gold Mine in Senegal is a high quality, low cost asset with average annual production of approximately 140,000 ounces of gold. A binding agreement has been signed to sell the Ravenswood Gold Mine in Queensland, Australia for up to A$300 million. A strategic review is currently underway of the Bibiani Gold Mine in Ghana.
Resolute's guidance for FY20 has been set at production of 500,000 ounces of gold at an AISC of US$980 per ounce. FY20 Guidance will be revised once the sale of Ravenswood has been finalised.
Contact Information
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Authorised by Mr John Welborn, Managing Director & CEO
ASX/LSE: RSG Capital Summary Fully Paid Ordinary Shares: 1,057,099,666 Current Share Price (ASX):A$0.925 as at 26 March 2020 Market Capitalisation: A$978 million FY20 Guidance: 500,000oz @ AISC US$980/oz | Board of Directors Mr Martin Botha Non-Executive ChairmanMr John Welborn Managing Director & CEO Ms Yasmin Broughton Non-Executive Director Mr Mark Potts Non-Executive Director Ms Sabina Shugg Non-Executive Director Mr Peter Sullivan Non-Executive Director | Contact John Welborn Managing Director & CEO Jeremy Meynert GM - BD & IRLevel 2, Australia Place | 15-17 William StPerth, Western Australia 6000T: +61 8 9261 6100 | F: +61 8 9322 7597E: contact@rml.com.au |