08 Jan Resolute Mining gold output boosted by Syama mine in Mali
ASX-listed Resolute Mining increased its gold production by 33% in the quarter ending December 2018, a period which managing director John Welborn described as a ‘turning point’ for the company.
Total gold output stood at 73,691 ounces in the last quarter of the calendar year, with the 33% rise on the previous quarter primarily the result of a ramp-up in production from the Syama gold mine in Mali.
The site was up more than 50% in production to 56,207 ounces during the quarter, including 34,653 ounces from Syama oxide operations and 21,554 ounces from Syama sulphide operations.
Resolute also delivered first gold from the sub-level caving section of the underground mine at Syama, which is the world’s first purpose-built, fully automated sub-level cave mine.
Meanwhile, at the firm’s Ravenswood mine in Queensland, production remained consistent in the December quarter at 17,484 ounces.
In a press release, Welborn revealed that the company’s production at Syama and Ravenswood is on track, with further improvements to follow as Resolute commissions the fully automated underground mine at Syama.
“Resolute is now ready to prioritise growth and take bold steps in 2019, including listing on the London Stock Exchange,” he added.