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Resolute's gold production unaffected by COVID-19

Dual-listed Resolute Mining said Thursday its gold production had been unaffected by restrictions related to COVID-19.
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Resolute's Syama gold mine is located in southern Mali, approximately 30km from the Côte d’Ivoire border

Staff reporter

In addition to implementing strict hygiene and social distancing measures that have become par for the course the world over, Resolute's CEO John Welborn said the company would make further operational changes "where necessary in response to the global pandemic".

"At all three currently operating Resolute gold mines, Syama, Mako, and Ravenswood, significant ore stockpiles and run-of-mine inventory provides operational flexibility to maintain gold production should Resolute's future response to an escalation of COVID-19 require a period of reduced mining activity," said the company.

The company said stocks of consumable goods at its Syama and Mako mines were "sufficient to maintain operations for several months and supply lines for replacement consumables remain secure".

"We will remain Resolute, and are focused on keeping our people safe, and wherever possible keeping our mills running to produce gold," said Welborn.

In addition to providing an update on its operations, Resolute said it had also completed refinancing following first drawdown under its new US$300 million syndicated loan facility.

The first drawdown, which happened on Wednesday, was used to refinance the company's existing senior debt and repay its project loan for the Mako mine.

 

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