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Capital Drilling Plc

Resolute Mining’s Project Portfolio; Record Quarterly Production At Syama

Perth-based gold producer Resolute Mining Limited (ASX: RSG) stays committed to exploration, production and development of gold projects across Africa and Australia. The miner holds a broad portfolio of long life, profitable gold mines, including three flagships projects-Ravenswood (Australia); Syama Underground Mine (Africa); and Bibiani Gold Mine (Africa).

For March 2019 quarter, Resolute Mining produced 98,105 ounces (up 33%) of gold at an all-in sustainable cost (AISC) of US$740 per ounce (down 24%). This marks the record quarterly production of the company supported by an exceptional performance of Syama and Tabakoroni (within the Syama oxide circuit), leading to high-grade ore and strong recoveries.

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.