Resolute Mining (ASX: RSG) focuses on sustainable cost reduction, mine life extension.

Tue 12 Mar 24, 02:39 AM | Team Kalkine

Image source: Phawat

Highlights

Resolute Mining Limited (ASX: RSG) is an ASX-listed multi-asset gold producing firm. Headquartered in Perth, Western Australia, the company operates two gold mines: the Syama Gold Mine situated in Mali and the Mako Gold Mine located in Senegal. Presently, RSG's primary focus revolves around fostering organic growth at the Syama Gold Mine and prolonging the operational lifespan of the Mako Gold Mine.

In the financial year 2023 (FY23), the company became cash positive. During the reported period, revenue fell by 3.1% YoY to USD 631.1 million because of the fall in gold sales. In FY23, gold sales stood at 329,061oz, while in FY22, it was 357,447oz.

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