PRECIOUS METALS

Gold miner Resolute eyes improving Syama performance

Flagship operation has been subject to major work programs over past year

This article is 3 years old. Images might not display.

"Our aim is getting more units out of the system," Holohan told a quarterly conference call.

"Simple as that."

Resolute's big efforts over the past year at its flagship Syama operation culminated in a major shutdown last quarter.

Availability above 90% is now being targeted.

Resolute produced 81,770oz in the March quarter at all-in sustaining costs of US$1383/oz.

Despite the major Syama shutdown, both numbers were an improvement on the December quarter as nearly 9000oz of gold-in-circuit was recovered.

Holohan said he was surprised at how much gold was recovered from the between the bricks removed from the roaster.

Meanwhile, net debt reduced by $54.1 million to $174.7 million, with asset sales realising the company $43.7 million.

Shares in Resolute were up 6.2% to A34c in Australia. The company is also listed in London.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.