COVID-19 Donations

RNS Number : 3384J

Resolute Mining Limited

09 April 2020

 

9 April 2020

Resolute Mining Limited

("Resolute" or the "Company")

 Resolute donates to African host governments' COVID-19 Support Funds

Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) advises that the Company has committed more than US$1 million to support African host governments in their response efforts to combat the coronavirus pandemic (COVID-19). Resolute's commitments consist of direct financial assistance as well as the sourcing and supply of vitally important Personal Protective Equipment (PPE), COVID-19 testing kits, and other medical equipment.

The significant contributions to the Special COVID-19 Funds set up by the Mali Government and the Senegal Government builds on Resolute's ongoing contribution of medical services and supplies to the communities surrounding the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako).

Resolute has implemented a comprehensive, company-wide response to COVID-19 (see ASX Announcement dated 26 March 2020). This response prioritises the health, safety and well-being of Resolute employees, contractors and stakeholders while recognising our responsibility to mitigate the impact of COVID-19 on all aspects of our operations. The Company has taken a series of immediate actions, including implementing the World Health Organization guidelines for separation, isolation and mitigation at all company sites. Resolute continues to assess developments and update the Company's response as required. Resolute has no confirmed cases of COVID-19 at any of its sites or offices, and with supply chains largely unaffected and a dedicated team in place will continue to maintain safe operations at Syama and Mako.  

Managing Director and CEO, Mr John Welborn, commented: "Extraordinary events require an extraordinary response. Resolute is proud to assist Mali and Senegal in the fight against COVID-19. The challenges presented by COVID-19 continue to change daily and we must remain agile and united in our response to the pandemic. Resolute will continue to work closely with our host governments and local communities to keep people safe and maintain our operational capacity.   We recognise that the continued operation of Syama and Mako during this crisis is of vital importance to local employment, community well-being and the economies of Mali and Senegal."  

For further information, contact:

John Welborn Managing Director & CEO

Jeremy Meynert General Manager - Business Development & Investor Relations

Contact Information 

Resolute John Welborn, Managing Director & CEO Jeremy Meynert, General Manager - BD & IR Telephone: [phone] Email: [e-mail] Web: www.rml.com.au

Berenberg (UK Corporate Broker) Matthew Armitt / Jennifer Wyllie / Detlir Elezi Telephone: [phone] Tavistock (UK Public Relations) Jos Simson / Emily Moss / Annabel de Morgan / Oliver Lamb Telephone: [phone] Email: [e-mail]

About Resolute

Resolute is a successful gold miner with more than 30 years of experience as an explorer, developer and operator of gold mines in Australia and Africa which have produced more than 8 million ounces of gold. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.

Resolute currently operates the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal. The Company is the owner of the Bibiani Gold Mine in Ghana.

Resolute's guidance for 2020 has been set at production of 430,000 ounces of gold at an All-In Sustaining Cost of US$980 per ounce. 

Authorised by Mr John Welborn, Managing Director & CEO

ASX/LSE: RSG Capital Summary Fully Paid Ordinary Shares: 1,072,083,142 Current Share Price (ASX): A$0.865 as at 8 April 2020 Market Capitalisation: A$927 million 2020 Guidance (to 31 December): 430,000oz @ AISC US$980/oz

Board of Directors Mr Martin Botha Non-Executive Chairman Mr John Welborn Managing Director & CEO Ms Yasmin Broughton Non-Executive Director Mr Mark Potts Non-Executive Director Ms Sabina Shugg Non-Executive Director Mr Peter Sullivan Non-Executive Director

Contact John Welborn Managing Director & CEO Jeremy Meynert GM - BD & IR Level 2, Australia Place | 15-17 William St Perth, Western Australia 6000 T: [phone] | F: [phone] E: [e-mail]

 

END

 

 

MSCGZGGDVLGGGZG