REG - Resolute Mining Ltd - Syama Operational Update

Resolute MiningAnnouncement

05/06/2026 07:00

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RNS Number : 1808H  Resolute Mining Limited  05 June 2026

 5 June 2026

Syama Operational Update

Resolute Mining Limited (Resolute, the Company or the Group) (ASX/LSE: RSG),
the West Africa-focused gold miner, provides an operational update for its
Syama Gold Mine (Syama) in Mali.

Production during the second quarter of 2026 has been impacted by logistical
and supply chain disruptions that have developed over the past four weeks due
to the significant security challenges experienced in Mali in late April and
May 2026. Management responded swiftly, implementing a range of measures
across mining, processing and planning activities to support operational
continuity and position the operation for improved performance. The Company
expects production to improve as access to higher-grade ore sources is
restored, and the in-country security situation continues to stabilise. Q2
2026 production at Syama will be lower than planned; however, for the
full-year we expect to be around the lower end of the guidance range of 195 -
210 koz.

The majority of operational challenges are a result of delays in delivery of
key equipment to mine the higher-grade sulphide ore zones within the A21 open
pit. This is due to road insecurity in parts of Mali.

In the underground operations, grades have been lower than expected due to
intermittent blasting performance and temporary disruption in supply of
explosives following the recent in-country security situation. As a result,
the sulphide mill feed had an increased reliance on lower-grade stockpiles.

The planned three-week shutdown of the sulphide plant and roaster which was
scheduled for maintenance in May 2026 has been deferred to mid-June 2026
because of the current conditions in country.  Management has also extended
the maintenance shutdown by one week to include additional preventative
maintenance tasks to be carried out.

 

Mitigation Actions

Syama remains an important asset within the Company's portfolio, with ongoing
initiatives focused on stabilising operations, improving performance and
unlocking long-term value through the Syama Sulphide Conversion Project
(SSCP).

The Company continues to work closely with the key open pit contractors to
ensure delivery of equipment by the end of the planned maintenance shutdown.
In addition, the Company is increasing underground development capacity and
securing additional operators to improve ore availability. In addition, the
Company is accelerating open pit mining activities to access higher-grade
fresh ore.

The extended maintenance shutdown is expected to increase the availability of
the sulphide processing plant. Moreover, processing optimisation initiatives
are underway to improve overall plant throughput throughout the remainder of
the year.

Syama Production Outlook

Resolute expects Syama's Q2 2026 gold production to be around 30 koz versus
original expectation of 40 - 45 koz. Given the expected improvements over the
second half of the year, production at Syama is expected to be around the
lower end of the guidance range of 195 - 210 koz in 2026.

The Company will provide a detailed operational update with its June 2026
quarterly results in July.

Despite the production impacts, the Company continues to generate strong
operating cash flows, supported by the positive gold price environment and
disciplined cost management.

 

Other Operations and Growth Projects

At the Mako operation in Senegal, production from stockpile processing remains
on track with full-year guidance.

Construction of the Doropo Gold Project in Côte d'Ivoire remains on schedule,
with development activities progressing in line with plan.

Exploration and study work across the portfolio, including the SSCP, continues
to advance as planned, supporting the Company's medium and long-term growth
objectives.

 

Chris Eger, Chief Executive Officer, commented,

"Recent performance at Syama has been below expectations despite the
significant changes implemented in Mali. These issues are well understood, and
our focus is on stabilising operations and restoring consistent performance.

Importantly, the broader business continues to perform well. The Company
remains cash generative, supporting ongoing investment in growth, including
the Doropo development, which continues to progress to plan."

 

Contact

 Resolute                                               Public Relations

 Matthias O'Toole Howes,                                Jos Simson, Tavistock

 Corporate Development and Investor Relations Manager   resolute@tavistock.co.uk (https://registrations.events/direct/LON34665289)

 Matthias.otoolehowes@resolutemining.com                +44 207 920 3150
 (https://www.rml.com.au/investors/presentations/)

 +44 203 3017 620

                                                      Corporate Brokers

                                                      Jennifer Lee, Berenberg

                                                      +44 20 3753 3040

                                                      Tom Rider, BMO Capital Markets

                                                      +44 20 7236 1010

Authorised for release by Chris Eger, Chief Executive Officer

 

About Resolute

Resolute is an African-focused gold miner with more than 30 years of
experience as an explorer, developer and operator. Throughout its history the
Company has produced more than 9 million ounces of gold from ten gold mines.
The Company is now entering a growth phase through the development of the
Doropo project in Côte d'Ivoire which will supplement the existing production
from the Syama mine in Mali and Mako mine in Senegal.

 

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