Resolute Mining Anticipates Higher Gold Production in FY20

  • Jan 17, 2020 AEDT
  • Team Kalkine

Resolute Mining Limited (ASX: RSG) produced 105,293oz gold at an AISC of US$1,419/oz in December 2019 quarter. The total gold production for FY19 stood at 384,731oz at an AISC of US$1,090/oz. Total gold sales for 2019 were 394,920oz at an average gold price received of US$1,344/oz.

  • For FY20 the company has given production guidance of 500,000oz at an AISC of US$980/oz;
  • It comprises- 260,000oz at US$960/oz from Syama, 160,000oz at US$800/oz from Mako and 80,000oz at US$1,200/oz from Ravenswood.

At AEST 12:52 PM, the stock was trading at $1.200 per share, up by 1.695% from its previous close.


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