https://www.engineeringnews.co.za

Resolute delivers solid Q1, maintains guidance amid strong operational performance

24th April 2025

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

ASX- and LSE-listed Africa gold miner Resolute Mining has reported first-quarter production in line with expectations and guidance, delivering 75 497 oz of gold. This compares with 87 687 oz in the fourth quarter of 2024, with strong performances from the Mako mine, in Senegal, and the Syama Oxide operation, in Mali.

Quarterly gold sales amounted to 64 322 oz at an average realised price of $2 840/oz, up from 83 145 oz at $2 659/oz in the previous quarter.

Resolute processed over 1.55-million tons across Syama and Mako at an average milled head grade of 1.79 g/t. Both sites operated in line with expectations, with Syama’s crusher, mill and roaster circuit each achieving availability above 93%.

“It has been a strong start to the year for Resolute with both operations running smoothly and continuing to generate very robust cash flows,” said CEO Chris Eger.

The company's net cash position has increased by $34-million over the previous quarter to end at $100.3-million.

All-in sustaining costs (AISC) came in at $1 708/oz in the first quarter, in line with group guidance, despite slightly lower gold production at the Syama sulphide operation.

Meanwhile, in Senegal, the company has provided the promising drill results from Bantaco – a potential satellite deposit that could extend the Mako mine’s life. Unlike at Tomboronkoto, Bantaco does not require significant resettlement, the company says.

Resolute has reaffirmed its full-year production guidance of between 275 000 oz and 300 000 oz at a group AISC of $1 650/oz to $1 750/oz. Capital expenditure guidance of between $109-million and $126-million also remains on track.

Further, the miner published its 2024 reserves and resources statement, with total ore reserves maintained at 4.4-million ounces and mineral resources on a 100% basis at 11-million ounces.

Resolute's operating cash flow generation is $75.4-million. The group's availability liquidity is $186-million.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.058 1.013s - 140pq - 2rq
Subscribe Now