Operational Update

RNS Number : 5579W

Resolute Mining Limited

19 August 2020

 

19 August 2020

Resolute Mining Limited

(Resolute or the Company)

Resolute Operational Update

Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) is closely monitoring developments in Mali following the resignation of President Ibrahim Boubacar Keita. The resignation of the President, and the subsequent dissolution of the government, follows action by sectors of the country's military seeking to resolve the recent political crisis.

Operations at the Company's Syama Gold Mine, located in the south of Mali on the border with Côte d'Ivoire, are continuing as normal with no impact to production or the safety and security of employees and contractors. Resolute has operated Syama since 2003 under the well-established mining laws of Mali.

For further information, contact:

John Welborn Managing Director & CEO

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.

Contact Information

Resolute John Welborn, Managing Director & CEO 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]

Authorised by Mr John Welborn, Managing Director & CEO

ASX/LSE: RSG Capital Summary Fully Paid Ordinary Shares: 1,102,826,939 Current Share Price (ASX): A$1.345 as at 18 August 2020 Market Capitalisation: A$1.48 billion 2020 Guidance: 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 Level 2, Australia Place | 15-17 William St Perth, Western Australia 6000 T: [phone] | F: [phone] E: [e-mail]

 

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