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
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Côte d'Ivoire ranked first on gender equality within the Economic Community of West African States (ECOWAS) with a score of 0.708, above the regional...
Public accelerator Algeria Venture launched AventureCloudz on Thursday, April 30, a cloud platform for software developers, hosted on Algerian soil and...
Société sucrière du Cameroun (Sosucam), a subsidiary of France's Castel group, invested 2.5 billion FCFA (about $4.5 million) in a new sugar...
Gambian authorities, working with the Economic Community of West African States (ECOWAS) Commission, inaugurated the National Center for Response to...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....