Resolute Mining Ltd - Company Profile

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Resolute Mining Ltd: Segment Analysis

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Business Description

Resolute Mining Ltd (Resolute) is an African-focused gold mining company that builds and operates mines. It is actively involved in exploration activities across its African tenements, focusing on Mali, Senegal, Cote d'Ivoire, and Guinea. The company's primary business activities include the ownership and operation of gold mines. The company operates the Syama Gold Mine in Mali, which is a large-scale operation comprising the Syama Underground Mine, the Tabakoroni Complex, and several satellite oxide pits. Resolute is also involved in exploration activities with drilling campaigns in Mali, Senegal, Cote d'Ivoire, and Guinea. The company is working on the Sulphide Conversion Project at Syama to increase sulphide processing capacity. Additionally, Resolute is exploring potential mine life extensions at Mako through satellite deposits such as Tomboronkoto and Bantaco. old Mine, a high quality, open pit gold mine located in Senegal, West Africa.

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Business Segments

Overview

Owns 80% interest in the Syama Gold Mine (Syama) through Societe des Mines de Syama SA. Located in the southwest of Mali, West Africa approximately 30 kilometers (kms) from the Cote d’Ivoire border and 300 kms southeast of the capital city, Bamako. Ore reserves include Tabakoroni, Syama underground, and Syama stockpiles.

Performance

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Overview

Holds 90% stake in the Mako’s parent company, Petowal Mining Company SA. Located in eastern Senegal, West Africa. Undertakes truck, drill and blast, and shovel operations.

Performance

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