Resolute Mining Reports Q2 Operational Performance Amid Challenges in Mali
Resolute Mining (LON:RSG) reported strong second-quarter operations across its sites in Senegal, Côte d'Ivoire, and Guinea. The company produced over 45,000 ounces of gold with group all-in sustaining costs at $2,484 per ounce. Revenue reached $247 million from the sale of 55,000 ounces at an average realized price of $4,526 per ounce. However, operations in Mali were affected by logistical and security challenges following a security incident involving the assassination of the country's defense minister early in the quarter. Despite these disruptions, Syama produced 29,881 ounces with all-in sustaining costs at $2,054 per ounce. The company remains on track for its guidance range if conditions remain stable. At Mako mine in Senegal, production met expectations and was within cost guidance despite higher fuel prices. Resolute is also advancing the Mako Life Extension Project to potentially extend operations by up to seven years.
Topics: gold production Mali operational challenges Syama mine