Resolute lowers production guidance for Mali mine amid operating challenges - Mining Weekly

AI desk brief

Resolute Mining cut full-year Syama guidance to 150koz-160koz at AISC of $2,300-$2,400/oz from 195koz-210koz at $1,950-$2,150/oz, citing a challenging operating environment in Mali that is delaying access to higher-grade ore and constraining underground, open-pit and sulphide processing. Group guidance also fell to 205koz-225koz at AISC of $2,250-$2,350/oz, versus 250koz-275koz previously.

The company said July-August output was only 15.5koz and expects September production of about 15koz, implying Q3 production near 31koz before a potential recovery to 45koz-50koz in Q4 if operating conditions improve. Mitigation measures include an on-site emulsion plant due in November, a contractor transition, and additional equipment arrivals in September-October.