Resolute Mining Limited (ASX: RSG) provided its gold production update along with the preliminary cost results for the 12 months to 31 December 2019.
- Gold production for FY19 was 384,731 ounces relative to guidance of 400,000oz.
- 394,920oz of gold were sold at an average price received of US$1,344/oz.
- All-In Sustaining Cost (AISC) was US$1,090/oz relative to guidance of US$1,020/oz.
For 12 months to 31 December 2020 the company expects its gold production to be 500,000oz, AISC of US$980/oz, Syama forecast of 260koz at US$960/oz, Mako forecast of 160koz at US$800/oz and Ravenswood forecast of 80koz at US$1,200/oz. Capital expenditure for operating assets is forecasted to be around US$15 million.