Resolute Mining posts 44,398 ounces in gold output - grafa.com

AI desk brief

Resolute Mining reported September-quarter gold production of 44,398oz, broadly in line with the prior quarter’s 45,192oz, while all-in sustaining costs were essentially flat at US$2,506/oz versus US$2,484/oz. Operating cash flow came in at US$55.8m and net cash at US$276.1m, with full-year production guidance unchanged at 205,000-225,000oz.

Capex rose to US$85.3m from US$63.5m, led by US$52.9m at the Doropo project, and the company said about US$315m of the US$516m Doropo budget has now been committed. Management still expects FY AISC of US$2,250-US$2,350/oz based on a US$4,000/oz gold price assumption; the shares were down to A$1.18 after the update.