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Resolute Mining Ltd - Australia-based gold miner - Says ongoing mine design optimisation at the Syama gold mine in Mali, along with ongoing exploration and feasibility studies at Tabakoroni, has resulted in an updated Syama life of mine plan. Operation of the Syama underground mine, based on the current life of mine, extends to 2031 and with further exploration, is expected to continue beyond this timeframe. Over the current scheduled 11-year mine life, Syama will produce 2.9 million ounces of under USD1,000 per ounce.
"We are very pleased to release our latest plans for the Syama operations, which highlight an improved production and cost profile over the current 11-year mine life," says Interim Chief Executive Stuart Gale. "We remain very confident that the Syama life of mine will continue to develop and extend beyond what we have published today."
Current stock price: 27.00 pence, up 6.1% on Wednesday
Year-to-date change: down 43%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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