Resolute Mining’s Syama Gold Mine DFS Update shows substantially reduced costs

Resolute Mining Ltd (ASX:RSG) managing director and chief executive John Welborn talks Proactive Investors through the multinational gold producer’s definitive feasibility study (DFS) update on the flagship Syama Gold Mine in Mali.

The update includes a reserve upgrade, and demonstrates a material reduction in the all-in sustaining costs across the whole life of the mine, which has been extended by four years.

“We’ve been doing a lot of work primarily on implementing automation as part of our underground mine, improving our power infrastructure at Syama, and continuing our processing journey to get higher recoveries from the ore. And all of that’s come through in a really exciting announcement today,” says Welborn.

Sandvik has been appointed to manage the automation process at Syama.