Resolute Mining Ltd (ASX:RSG) released its December quarterly report this morning confirmed recent gold production numbers.
The company produced 384,731 ounces of gold in the year ended 31 December 2019 and aims to produce 500,000 ounces in calendar 2020 at an all-in sustaining cost (AISC) of US$980 per ounce.
Given the recent sale of the Ravenswood Gold Mine in Queensland, Resolute expected to revise this guidance number once the sale is closed.
2020 operations off to a good start
Resolutes managing director and CEO John Welborn said: “We have started 2020 with all our operating assets generating positive cashflows and ready for a major ramp-up in gold production.
“Actions progressed in the December quarter will ensure that strong operating cashflows in the year ahead, combined with asset divestments and reduced capital demands, will support a stronger balance sheet for Resolute and create further opportunities for our growth and ambition.
“During the quarter we completed the commissioning of the Syama Underground Mine, repaired the Syama roaster, secured a superb cost saving power solution for Syama, delivered another excellent quarter at Mako, completed the Ravenswood plant expansion, secured key environmental approvals at Ravenswood and Bibiani, delivered exciting exploration results in Mali, Senegal and Cote dIvoire, and progressed strategic reviews of Ravenswood and Bibiani.
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