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Resolute Mining Limited — Capital/Financing Update 2009
Aug 6, 2009
10548_rns_2009-08-06_2063fba7-ce98-4377-b16d-903e8879a01f.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
SYAMA JULY PROGRESS
Resolute Mining Ltd is pleased to advise that it continues to make good progress in the commissioning and ramp up of the Syama Gold Mine in Mali.
All areas of the plant are operating consistently and in line with design criteria.
Plant availability improved significantly (compared to June) in July although it was impacted by various modifications, rectifications and repairs to the plant that were carried out during the month.
Gold production for the month of July was 7,000 ounces.
Month on month plant and operational performance has shown consistent improvement and further improvement in plant performance and gold production is anticipated in August.
Gross operating costs at Syama have been approximately US$9 million per month and the site is close to passing cash breakeven production rates.
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.
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PETER SULLIVAN Chief Executive Officer
7 August 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]