AI assistant
Resolute Mining Limited — Capital/Financing Update 2009
Sep 6, 2009
10548_rns_2009-09-06_6e4c10cb-c207-4dc5-83f1-4269a275ccdb.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [80 x 102] intentionally omitted <==
ASX ANNOUNCEMENT
SYAMA AUGUST PROGRESS
Resolute Mining Ltd is pleased to advise on its progress during August with the commissioning and ramp up of the Syama Gold Mine in Mali.
Gold production for the month of August was 4,114 ounces with 9,080 ounces shipped, the difference being due to a reduction in the concentrate stocks as a result of a better roaster performance.
Overall the plant performance in August was similar to July and the main driver of the lower production was the lower head grade for August.
The ramp up has been hampered by a number of mechanical issues, primarily with pumps. These have been resolved, some with temporary repairs, while parts and equipment for a more permanent fix are transported to site. A shutdown is planned for late September to undertake a ball mill reline, and the remaining mechanical rectification work will take place at this time.
Similar production is expected in September with ounces shipped again boosted by the concentrate stockpile depletion.
Further improvement in plant performance and gold production is anticipated once these repairs have been implemented.
At full capacity, Syama is forecast to produce an average of 250,000 ounces of gold per annum over the life of the mine.
It will also consolidate Resolute’s status as one of Australia’s leading ASX-listed gold miners on both a production and resource ounce basis.
==> picture [78 x 43] intentionally omitted <==
PETER SULLIVAN Chief Executive Officer 7 September 2009
RESOLUTE MINING LIMITED A.C.N. 097 088 689 A.B.N. 39 097 088 689 4[th] Floor, The BGC Centre, 28 The Esplanade, Perth, Western Australia 6000. PO Box 7232 Cloisters Square, Perth, Western Australia 6850. Telephone +61 8 9261 6100 Facsimile +61 8 9322 7541 Email : [email protected]