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Pt 817.50 $/oz Change: -11.77


Zeta ups holding in three companies

By: Esmarie Swanepoel     16th November 2017 ASX-listed Zeta Resources has executed a binding term sheet that would see it increase its stake in three resource companies. Zeta on Thursday announced that it would acquire investment holding company Axelrock for 110.8-million shares, at a deemed issue price of 45.2 c a share, valuing the... 

Mali mine life extended - Resolute

By: Esmarie Swanepoel     9th June 2015 An independent review of gold miner Resolute Mining’s prefeasibility study for the development of an underground operation at the Syama project, in Mali, has extended the project’s expected mine life, while improving project economics. The 2014 feasibility study estimated that at a base case... 

Resolute to move Mali gold mine underground by 2017 

By: Creamer Media Reporter      20th March 2015 Australian gold producer Resolute Mining will accelerate its underground mining plan for its Syama gold mine, in Mali, and is targeting full production from underground mining by 2017. Announcing the outcome of a review interrogating its options at the mine, Resolute CEO Peter Sullivan said on... 

Early start at Syama plant, but further mining deferred

By: Esmarie Swanepoel     25th November 2014 Gold miner Resolute Mining on Tuesday announced that it was running ahead of schedule at the Syama gold operation, in Mali, after the oxide circuit was commissioned two months ahead of expectations. Wet commissioning of the carbon-in-leach section of the oxide circuit was completed in September,... 

Resolute raises cash for Africa, Australia projects

By: Esmarie Swanepoel     7th November 2014 Gold miner Resolute Resources on Friday announced that it would raise up to A$25-million through a convertible note offer to fund drilling programmes and feasibility work at its projects. The offer would comprise the issue of 15-million convertible unsecured notes with a face value of $1 each,... 

Resolute starts feasibility work at Bibiani

By: Esmarie Swanepoel     3rd September 2014 Gold miner Resolute Mining would spend between A$10-million and A$15-million on a feasibility study at its recently acquired Bibiani gold project, in Ghana, during the next year, CEO Peter Sullivan said. Speaking to Mining Weekly Online at the sidelines of Paydirt’s Africa Downunder conference,... 

Resolute warns of lower production in 2015

By: Esmarie Swanepoel     9th July 2014 Gold miner Resolute Mining has reported full year production broadly in line with its expectations, but warned that 2015 output would be affected by the closure of its Golden Pride operation, in Tanzania, and lower grade at the Ravenswood mine, in Queensland. During the year ended June, the... 

Resolute adds to Ravenswood resource

By: Esmarie Swanepoel     20th June 2014 Gold miner Resolute Mining on Friday reported a 1.28-million ounce new resource at the Buck Reef West deposit, which forms part of its Ravenswood operation, in Queensland. Resolute has been conducting an investigative drill programme at Buck Reef West with the aim of increasing the reserves... 

Resolute gains hold of Bibiani gold project

By: Esmarie Swanepoel     19th June 2014 Gold miner Resolute Mining has taken full ownership of the Bibiani gold project, in Ghana, after buying the project from ASX-listed Noble Mineral Resources in December last year. The company told shareholders on Thursday that the Ghanaian Minister of Mines had approved the transfer of the... 

Kaizer Nyatsumba

By: Natalie Greve     18th April 2014 Position: CEO of the Steel and Engineering Industries Federation of South Africa (Seifsa) Main Activity of the Company: Seifsa's core business is to represent and promote the interests of business in South Africa, in particular the metals and engineering industries, through lobbying and capacity... 

Resolute adds 1.1Moz to Syama reserve

By: Esmarie Swanepoel     28th March 2014 A prefeasibility study into an underground operation at gold miner Resolute Mining’s Syama project, in Mali, has resulted in a 54% increase in the project’s ore reserves. With the addition of some 14.3-million tonnes of underground ore, the Syama ore reserve has grown to 3.15-million ounces, up... 

Resolute adds to Mt Wright reserve

By: Esmarie Swanepoel     20th February 2014 Gold miner Resolute Mining has reported a 46% increase in the ore reserves at its Mount Wright underground mine, in Queensland. The Mt Wright project forms part of the greater Ravenswood operation. 

Resolute takes over Bibiani from collapsed Noble

By: Esmarie Swanepoel     2nd December 2013 Gold miner Resolute Mining has executed its proposed deed of company arrangement with fellow ASX-listed Noble Mineral Resources, effectively giving the miner ownership of the Bibiani gold project, in Ghana. The deed of company arrangement was signed after Noble creditors approved the... 

Resolute FY output to exceed target; company cuts Syama expenditure

By: Esmarie Swanepoel     28th June 2013 ASX-listed Resolute Mining has reported that its gold production for 2013 would exceed expectations; however, the miner said it was also looking at cutting back costs at its Syama expansion project, in Mali. The company on Friday said gold production for 2013 would reach 430 000 oz, compared... 

Noble meeting postponed as Resolute improves offer

By: Esmarie Swanepoel     31st October 2012 Gold miner Noble Mineral Resources has postponed a general shareholder meeting after Resolute Mining enhanced its financing offer. Last week, the Noble board opted to support a financing transaction with Chinese shareholder Zhongrun, labelling Resolute’s A$78.7-million financing and a one-for-12... 

Resolute offers Noble shareholders alternative to Chinese deal

By: Esmarie Swanepoel     25th October 2012 ASX-listed Resolute Mining is looking to gain a 19.99% stake in fellow listed Noble Mineral Resources and offered the Africa-focused gold miner A$85-million in financing, conditional on Noble rejecting a deal with its Chinese shareholder. Resolute issued a share sale agreement with certain... 

Resolute on the hunt for new opportunities

By: Esmarie Swanepoel     30th August 2012 Gold miner Resolute Mining was looking for new acquisition opportunities, CEO Peter Sullivan told the second day of the Africa Downunder conference, in Perth. “We find ourselves at this point in time with a strong balance sheet, cash and no debt, so we are looking at lots of new opportunities,”... 

Syama adds ounces to Resolute

By: Esmarie Swanepoel     16th August 2012 Gold miner Resolute Mining has reported a 7% increase in its mineral resources, taking the group’s total resource to 6.17-million ounces of gold. Proved and probable reserves also increased slightly to 5.25-million ounces of gold, after allowing for mining depletion. 

Resolute expects FY production to increase

By: Esmarie Swanepoel     10th July 2012 Gold miner Resolute Mining has flagged a 4% production increase for the 2012/13 financial year, compared with the previous year. The miner said that it would likely produce some 415 000 oz during the full year, compared with the 398 452 oz produced in 2011/12. 

Resolute approves $241m expansion at Mali gold mine

By: Esmarie Swanepoel     2nd July 2012 The board of gold miner Resolute Mining has approved the expansion of its Syama gold mine, in Mali. Resolute would now spend an initial $241-million to expand the existing sulphide openpit mine, and establish a one-million-ton-a-year oxide processing circuit to increase production to 270 000... 

DFS proves Syama expansion good as gold

By: Esmarie Swanepoel     8th June 2012 A definitive feasibility study (DFS) into the expansion of the Syama gold project, in Mali, has proved positive, gold miner Resolute Mining said on Friday. The study investigated the expansion of the current sulphide openpit operation to maintain the current levels of gold production for the... 

Resolute buys out partner in Mali gold JV

By: Esmarie Swanepoel     7th March 2012 Gold miner Resolute Mining has taken full ownership of the Finkolo joint venture (JV), in Mali, after buying out Endeavour Mining’s 40% stake in the project for $20-million in cash. The JV covers an area within the Finkolo and N’Gokoli exploration permits, with Resolute acting as the operator of... 


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