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BRIEF-Resolute Mining Ltd Posts FY Sales Revenue Of A$770 Mln

Published 28/02/2020, 06:24 pm
© Reuters.  BRIEF-Resolute Mining Ltd Posts FY Sales Revenue Of A$770 Mln
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Feb 28 (Reuters) - Resolute Mining Ltd RSG.AX :

* FY SALES REVENUE OF A$770 MILLION VERSUS A$466 MILLION

* DECLARATION OF A FINAL DIVIDEND FOR FY19 DEFERRED

* FY GROUP GOLD SALES OF 394,920OZ WITH AN AVERAGE GOLD PRICE RECEIVED OF A$1,933/OZ

* FY NET LOSS AFTER TAX $62.8 MILLION VERSUS PROFIT OF $34.1 MILLION

* FY GROUP GOLD PRODUCTION OF 384,731OZ AT AN AISC OF A$1,577/OZ

* FY20 PRODUCTION GUIDANCE OF 500,000OZ AT AN AISC OF US$980/OZ

* NON-SUSTAINING CAPITAL EXPENDITURE AT SYAMA WILL GREATLY REDUCE IN FY20 AND IS FORECAST TO BE US$15M

* AT MAKO ORE GRADES EXPECTED TO BE SLIGHTLY LOWER DUE TO DEPLETION OF HIGH-GRADE STOCKPILES

* FY20 GUIDANCE FOR GOLD PRODUCTION WILL BE REVISED ONCE SALE OF RAVENSWOOD HAS BEEN FINALISED

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