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RSG - Resolute Mining News Story

30p 1.0  3.4%

Last Trade - 9:55am

Sector
Basic Materials
Size
Small Cap
Market Cap £330.9m
Enterprise Value £485.4m
Revenue £434.3m
Position in Universe 694th / 1819

BUZZ-Australia's Resolute Mining eyes best day in over 3 months on reaffirming 2021 outlook

Wed 31st March, 2021 1:50am
** Shares of Resolute Mining Ltd  RSG.AX  jump as much as
8.3% to A$0.455, their biggest intraday pct gain since Dec. 16,
2020
    ** The gold miner reaffirms 2021 production, cost and
capital expenditure guidance; says Syama gold mine in Mali and
Mako gold operations in Senegal remain on target to achieve 2021
production and cost guidance  urn:newsml:reuters.com:*:nASX54hXk0
    ** Says performance during March qtr is on target
    ** Expects to generate sufficient operating cash flows to
support debt repayments of A$50 mln ($38.07 mln) in 2021
    ** Says co has strong liquidity with A$106 mln of cash and
bullion at Dec. 31, 2020
    ** About 11.8 mln shares change hands, compared with the
30-day average volume of 8.7 mln
    ** Stock had fallen 47.2% this year, as of last close


($1 = 1.3135 Australian dollars)

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))
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