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Transitional year weighs on Resolute profit

Resolute Mining (ASX:RSG) has reported a net profit of A$78 million (US$56.7 million), a little less than half the result signed-off on for the previous 12 month period in 2017, after a big year of capital investment at Syama and smaller year of overall production.

Staff reporter
Syama is the centrepiece of a growing Resolute

Syama is the centrepiece of a growing Resolute

Resolute produced 284,185 ounces at all-in sustaining costs of $1,355 per ounce in the year completed June 30, versus 329,834oz at AISC of $1,132/oz 12 months earlier. Revenue in the just-completed...

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