Resolute, Nimba launch Guinea gold venture
Resolute Mining and Guinea’s state-backed Nimba Mining Gold have formed a joint venture to explore and develop gold projects in Guinea, expanding a partnership first announced…
Mali gold output to stay below 60 tons
MALI’S industrial gold production will remain under 60 tons a year through 2029, according to a mines ministry plan reviewed by Reuters, prolonging a downturn linked to a…
Mali secures mining deals with gold producers
MALI’S government has finalised seven mining agreements that will boost state revenues from the gold sector, marking another step in the military leadership’s drive to capture…
Resolute reticent to commit to new Mali investment
RESOLUTE Mining said on Monday uncertain relations with Mali was preventing it from investing as much as $500m in a potential tripling of the size of its Syama mine. “It would be…
AngloGold sells two Côte d’Ivoire projects to Resolute
GLOBAL gold miner AngloGold Ashanti has sold its Doropo and Archean-Birimian Contact (ABC) projects in Côte d’Ivoire to Resolute Mining in exchange for cash and Resolute’s…
Resolute Mining CEO quits job in wake of Mali ordeal
TERRY Holohan, CEO of Resolute Mining, announced he will leave the company just two months after being released from detainment by the Mali government. The UK-listed gold miner…
Resolute CEO to make call on future after Mali debacle
RESOLUTE Mining said on Thursday an announcement was imminent from its CEO Terry Holohan who took a leave of absence in December until January 31. “His leave of absence ends at…
Resolute toes the line on Mali’s Mining Code as CEO takes extended leave
Gold miner Resolute Mining will make a third and final payment of $30m to the government of Mali at the end of this month, using existing cash resources, and migrate its Syama…
Resolute confirms CEO held in Mali amid “unsubstantiated claims”
RESOLUTE Mining confirmed its CEO Terence Holohan, and two company employees, were detained by government officials in Mali on Friday. “The executives were in Bamako to hold…
Resolute warns of lower gold as rains pummel mines
RESOLUTE Mining said “unprecedented rains” negatively affected production at its Senegal and Mali mines in the third quarter in which output fell and costs increased. Owing to…
Resolute bolsters balance sheet with $140m in senior debt
RESOLUTE Mining has raised $60m in debt boosting its plans to expand gold production in West Africa where it currently operates two mines. Senior debt facilities were raised with…
Resolute in ‘best position’ for years as net cash grows
RESOLUTE Mining, a gold mining firm operating in West Africa, was in its “strongest position for several years” having built net cash reserves of $96.6m as of end-June (H1 2023…
Resolute’s Holohan says turnaround not complete for another six months
CONSOLIDATION and consistency are the goals for Resolute’s CEO Terry Holohan this year after taking over the helm of West Africa’s serial under-achiever 10 months ago. Resolute…
Resolute shows signs of recovery after beating 2022 gold output guidance
RESOLUTE Mining ended its 2022 financial year with gold production of 353,069 ounces, higher than the 345,000 oz it previously targeted. Terry Holohan, CEO of Resolute since…
Resolute to ease balance sheet woes after equity raise underwritten for A$164m
RESOLUTE Mining raised A$96m from institutional investors ($65m) which is will use to help lower debt and finance its operations in West Africa. The equity raise consisted of a…
Resolute moves to slash debt through A$140m share deal with institutions
RESOLUTE Mining aims to raise as much as A$200m ($128m) in an equity raise which it will use to reduce debt and part finance the possible expansion of its Syama mine in Mali. The…
Resolute marks another solid quarter as firm studies Syama North expansion options
RESOLUTE Mining reduced net debt and produced its fourth consecutive increase in gold production as the company sought to arrest a decline in performance of the last three years…
Resolute lifts gold output for fourth successive quarter but inflation, hedge book hit home
RESOLUTE Mining increased gold output for the fourth successive quarter in the three months ended June producing 89,134 ounces – a 9% quarter-on-quarter lift – and keeping the…
Lifting of Mali sanctions helps relieve gloom in Resolute Mining share price
SHARES in Resolute Mining gained just over 15% in Sydney after the company announced sanctions had been lifted on Mali where it operates the Syama gold mine. Resolute said…
COO Terry Holohan takes over at Resolute Mining after CEO Stuart Gale quits
The game of musical chairs at the helm of ASX and LSE listed gold miner Resolute continues with the abrupt resignation of Stuart Gale as MD and CEO to be replaced by current COO…