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Capital Drilling Plc

Resolute Mining hits ‘turning point’ as production spikes

Resolute Mining’s growth ambitions at its gold operations in West Africa and Australia remain on target.

The company’s gold output increased by 33 % to 73,691 ounces in the December quarter.

Resolute’s Syama gold mine in Mali was the key contributor to the improved production.

The site was up over 50 % in production to 56,207 ounces during the quarter, including 34,653 ounces from Syama oxide operations and 21,554 ounces from Syama sulphide operations.

 

Capital Drilling (LON:CAPD) provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group’s corporate headquarters are in Mauritius.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.