• Resolute cuts 2025 gold output forecast to 275-285k ounces
• Syama mine underperforms due to rain, lowers production target
• Mako mine exceeds expectations, now targets 102k ounces
  

Resolute Mining has lowered its 2025 annual gold production forecast to between 275,000 and 285,000 ounces, down from a previous range of 275,000 to 300,000 ounces.

The Australian company announced the updated guidance in its third-quarter report on Tuesday, Oct. 28, despite reporting stronger operational performance at its Mako mine in Senegal.

Resolute’s gold production comes exclusively from its two West African assets: the Syama mine in Mali and the Mako mine. Operational challenges and the impact of the rainy season caused the Syama mine to fall short of initial expectations. This shortfall prompted the company to revise the mine’s maximum annual production target to 183,000 ounces from an initial 210,000 ounces, triggering the reduction in the group’s overall output guidance.

In contrast, the Mako mine in Senegal has performed "above expectations" year-to-date. As a result, Resolute now projects Mako's maximum annual production at 102,000 ounces, an increase from the initial target of 90,000 ounces. Achieving this revised target, however, depends on strong fourth-quarter results, where production will be sustained by processing existing ore stockpiles after mining operations at the site ceased in June.

Resolute anticipates operational improvements at Syama during the fourth quarter, including higher ore grades. The combined production from both sites reached 211,317 ounces of gold between January and September. The company’s overall performance for the remainder of the year will depend on production execution across both mines and will be reflected in future corporate plans.

Aurel Sèdjro Houenou