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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.

Transitional year weighs on Resolute profit Transitional year weighs on Resolute profit Transitional year weighs on Resolute profit Transitional year weighs on Resolute profit Transitional year weighs on Resolute profit

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.

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