Proposed issue of Securities - RSG

RNS Number : 4336A

Resolute Mining Limited

21 January 2020

 

21 January 2020

Resolute Mining Limited

("Resolute" or the "Company")

Proposed issue of securities

Resolute Mining Limited (ASX/LSE: RSG) advises that an "Appendix 3B" form (Proposed Issue of Securities has been released to the Australian Securities Exchange).

A full PDF version of the announcement is available from the Company's website: https://www.rml.com.au/investors/asx-announcements/.

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 Telephone: [phone] Email: [e-mail]

About Resolute

Resolute is a successful, dividend paying 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. 

Resolute's guidance for FY20 is 500,000 ounces at an AISC of US$980 per ounce.

Resolute owns four gold mines and has a Global Mineral Resource base of more than 18 million ounces of gold. Its flagship asset is the world class Syama Gold Mine in Mali (Syama) which can produce more than 300,000 ounces of gold per annum from existing processing infrastructure. Resolute is currently commissioning the world's first fully automated underground mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Mako Gold Mine in Senegal is a high quality, low cost asset with average annual production of approximately 140,000 ounces of gold. The Ravenswood Gold Mine in Australia (Ravenswood) and the Bibiani Gold Mine in Ghana are existing large scale assets which provide Resolute with significant optionality, noting that definitive agreements have been entered into to sell Ravenswood for up to A$300 million.

Resolute trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.

Authorised by Mr John Welborn, Managing Director & CEO

ASX/LSE: RSG Capital Summary Fully Paid Ordinary Shares: 903,153,734 Current Share Price (ASX): A$1.18 as at 20 January 2020 Market Capitalisation: A$1.1 Billion FY19 Guidance (to 31 December): 500,000oz @ 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] lign:left;font-family:Arial, Helvetica, sans-serif; font-size: 10pt;"> This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.   END     IOEFIFLTLSILFII Companies Resolute Mining Limited NPV (DI) (RSG) Friday, 22nd November 2024 COMPANIES COVERED: GAW AMGO ITH Games Workshop shares jump in early trade as interim results are on track to impress, and Ithaca Energy continues its march higher off yesterday’s dividend news but Amigo slips as options for the future remain limited. Read More Full Archive UK 100 FTSE quotes by TradingView Latest directors dealings 16 hours ago Cerillion 18 hours ago Associated British Foods 18 hours ago B&M European Value Retail S.A. (DI) 18 hours ago B&M European Value Retail S.A. (DI) 18 hours ago Haleon All directors dealings today All intraday prices are subject to a delay of fifteen (15) minutes. Investegate takes no responsibility for the accuracy of the information within this site. The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filtered from this site. © 2023 Stockomendation Ltd Privacy and Cookie Policy Terms Acceptable Use Policy Advertise with Us Other Stockomendation sites Stockomendation UK Share Picking Game This website is for Private Investors* I am a Private Investor *A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: Obtains access to the information in a personal capacity; Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes. Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.