Australia's Resolute Mining falls on weak gold production and forecast

Resolute Mining

30/01/2025 01:05

** Shares of Resolute Mining  RSG.AX  fall 2.4% to A$0.41
    ** Stock hits lowest level since Dec. 13, 2024
    ** Gold miner expects 2025 group production to be between
275,000 and 300,000 oz of gold at between $1,650 and 1,750/oz
AISC (all-in sustaining costs)
    ** Co posts 2024 group gold production of 340 koz, slightly
below guidance of 345–365 koz due to lower-than-expected
production at Mako gold mine in Senegal 
    ** Says lower production forecast a result of weaker
production from Mako as open pit mining stops at the end of
first half
    ** Stock up 6.3% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com;))