PRECIOUS METALS

Gold miner Resolute eyes improving Syama performance

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

 Much more gold found in Syama roaster than had been expected during major shutdown

Much more gold found in Syama roaster than had been expected during major shutdown

"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

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.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.