African miner delivered mixed results for the September period
With "unprecedented" wet weather and lower than expected grades at its Mako mine during the September quarter, Africa-focused gold producer Resolute Mining is expecting to only just achieve its 2024 production guidance. The Terry Holohan-led Resolute produced roughly 85,000oz of gold at all-in sustaining costs of US$1452/oz in the quarter from its two active mining areas – Mako in Senegal and Syama in Mali – despite the extreme weather.
" Resolute's numbers were only marginally softer than the June quarter, during which it produced 90,787oz at $1402/oz. Its full-year guidance is currently put at 345,000-365,000oz at $1300-1400/oz. Costs are expected to land in the upper end of this range. With 95,242oz of gold sold at an average $2493/oz during the quarter, Resolute generated $50 million in free cash flow and grew its cash position to $145.6 million from $96.6 million at the end of June.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wet Wet Wet star Marti Pellow stuns commuters with impromptu train station gigGlasgow's Queen Street Station was treated to a version of Love is All Around.
Read more »
Wet Wet Wet star Marti Pellow stuns Scots commuters with impromptu train station gigGlasgow's Queen Street Station was treated to a version of Love is All Around.
Read more »
Marti Pellow: 'I can't get out a building without singing that song'The Wet Wet Wet star says love is still all around for his biggest hit.
Read more »
Marti Pellow performs at Queen Street station as surprised commuters watch onThe Wet Wet Wet frontman sang Love is All Around as surprised passengers grabbed videos of the impromptu performance, before boarding his psychedelically painted tour bus.
Read more »
Construction charity stepping up to build wet room for man with rare conditionIt will be Band of Builders' third project in Northern Ireland - but they need more volunteers to make it a reality
Read more »
Flood Defences At 'Lowest State Of Repair' As Another Wet Autumn ApproachesA year after Storm Babet caused widespread flooding, flood defences in England are at their lowest state of repair since records began, a minister has warned. The Environment Agency (EA) launches a week of action to coincide with the anniversary of the storm, which saw 2,150 homes flooded nationwide. One victim, Phoenix Graham, is still living in a caravan after her Lincolnshire home was devastated and fears further flooding as winter approaches.
Read more »