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Company News Summary

Resolute Mining Provides FY2017 Production and FY2018 Guidance

12 Jul 2017  |  08:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY17 Production and FY18 Guidance

Resolute Mining announced that the Company has again outperformed production and cost guidance for FY2017 from outstanding results from the Syama Gold Mine in Mali and the Ravenswood Gold Mine in Qld Australia. Its gold production for FY2017 of 329,834oz was above revised guidance of 325,000oz, published in April 2017, and better than original guidance of 300,000oz. All-In Sustaining Costs for the year of A$1,130/oz (US$852/oz) were better than revised guidance of A$1,150/oz and an improvement on original guidance of A$1,280/oz (US$934/oz). Guidance for FY2018 has been set at the same metrics as the original guidance for FY2017 with gold production forecast to be 300,000oz and All-In Sustaining Costs expected to be A$1,280/oz (US$960/oz).

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