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60.60    -3.60 (-5.61%)
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Spread: 3.20 (5.614%)
Market Cap: £1.30b
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Becoming a substantial holder

18 Sep 2019 13:52

RNS Number : 8396M
Resolute Mining Limited
18 September 2019
 

18 September 2019

Resolute Mining Limited

(Resolute or the Company)

Form 603

Notice of Initial Substantial Holder

 

Resolute Mining Limited (ASX/LSE: RSG) advises that L1 Capital Pty Ltd ("L1 Capital") has issued a Form 603 to the Australian Securities Exchange.

The Form 603 titled "Notice of Initial Substantial Holder" indicates that L1 Capital now holds 53,029,631 common stock or 5.87% of total common stock.

A full PDF version of the Form 603 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

 

 

Contact Information

Resolute

John Welborn, Managing Director & CEO

Jeremy Meynert, General Manager - BD & IR

Telephone: +61 8 9261 6100

Email: contact@rml.com.au

Web: www.rml.com.au

 

Berenberg (UK Corporate Broker)

Matthew Armitt/Detlir Elezi

Telephone: +44 20 3207 7800

 

 

 

Tavistock (UK Investor Relations)

Jos Simson / Charles Vivian / Emily Fenton /

Annabel de Morgan

Telephone: +44 207 920 3150 / +44 778 855 4035

Email: resolute@tavistock.co.uk

 

About Resolute

Resolute is a successful, dividend paying gold miner with 30 years of experience as an explorer, developer and operator of gold mines in Australia and Africa which have produced more than eight million ounces of gold.

 

Resolute's production and cost guidance for the 12 months to 31 December 2019 has been updated to 400,000 ounces of gold at an All-In Sustaining Cost of US$960 per ounce following the acquisition of Toro Gold Limited.

 

Resolute owns four gold mines. Its flagship asset is the world class Syama Gold Mine in Mali (Syama) which can produce more than 300,000 ounces of gold per annum from existing processing infrastructure. Resolute is currently commissioning the world's first fully 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 ~140,000 ounces of gold. The Ravenswood Gold Mine in Australia and the Bibiani Gold Mine in Ghana are existing largescale assets which provide Resolute with significant production growth potential. Resolute has a pathway to annual gold production in excess of 500,000 ounces from a Global Mineral Resource base of more than 18 million ounces of gold.

 

Resolute trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.

 

ASX/LSE: RSG Capital Summary

Fully Paid Ordinary Shares: 903,153,734

Current Share Price:A$1.60 as at 18 September 2019

Market Capitalisation: A$1.44 billion

FY19 Guidance (to 31 December):

400,000oz @ AISC US$960/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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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