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RSG - Resolute Mining News Story

29p 2.0  7.4%

Last Trade - 06/05/21

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

Resolute Mining Ltd - 2020 Sustainability Report

Wed 17th March, 2021 7:00am
RNS Number : 5380S
Resolute Mining Limited
17 March 2021
 

17 March 2021

 

Resolute Mining Limited

(Resolute or the Company)

 

2020 Sustainability Report

Resolute Mining Limited (ASX/LSE: RSG) has today published its 2020 Sustainability Report for the year ended 31 December 2020, which is available on the Company's website www.rml.com.au. This is the Company's inaugural report prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards (Core Option) and the G4 Mining and Metals Sector Disclosures. In addition, this report is aligned with the Responsible Gold Mining Principles, the International Council on Mining and Metals Mining Principles, and the UN Global Compact Principles.

Sustainability Highlights

Environment:

·       Zero significant non-compliance events

·       Growth trends observed for all endangered species within the PNNK

·       Elephant sighted within the PNNK for the first time in a decade

Social:

·       External assurance of the Company's COVID-19 mitigations indicates a competent response pursued

·       Over $1.1 million in financial and in-kind COVID-19 assistance to Senegal and Mali

·       Below industry average TRIFR of 0.87, a 58% improvement on 2019 performance  

·       $760m economic contribution in Mali and Senegal

·       Local procurement expenditure of $416m

·       91% national employment (direct and contract employees)

·       Significant improvement in health and safety management system effectiveness

Governance:

·       >50% alignment with the Responsible Gold Mining Principles

·       Significant strengthening of Corporate Governance Framework

 

For further information, contact:

Stuart Gale

Interim CEO

About Resolute

Resolute is a successful African-focused gold miner with more than 30 years of experience as an explorer, developer and operator of ten gold mines which have produced more than 9 million ounces of gold and counting.

Resolute currently owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Our Global Mineral Resource base comprises over 11 million ounces of gold.

Syama is a robust, long-life asset which is expected to produce 235-255,000oz of gold in 2021 from existing processing and mining infrastructure. Mako is a high quality, open pit gold mine which Resolute has owned and operated since August 2019.

The Company is also active in exploration with drilling campaigns underway across its African tenements with a focus on Mali, Senegal, Côte d'Ivoire and Guinea. The Company is the owner of the Bibiani Gold Mine in Ghana.

Contact Information

Resolute

Stuart Gale, Interim CEO

Telephone: +61 8 9261 6100

Email: contact@rml.com.au

Web: www.rml.com.au

 

Berenberg (UK Corporate Broker)

Matthew Armitt / Jennifer Wyllie / Detlir Elezi

Telephone: +44 20 3207 7800

Tavistock (UK Public Relations)

Jos Simson / Emily Moss / Annabel de Morgan / Oliver Lamb

Telephone: +44 207 920 3150 / +44 778 855 4035

Email: resolute@tavistock.co.uk

Competent Persons Statement

For the purposes of ASX Listing Rule 5.23, Resolute confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements relating to exploration results or estimates of Mineral Resources or Ore Reserves referred to in this announcement and, in the case of Mineral Resources and Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Resolute confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (MAR). Upon the publication of this announcement via a Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.


Authorised by Mr Stuart Gale, Interim CEO

 

Board of Directors

Contact

Mr Martin Botha, Non-Executive Chairman

Ms Sabina Shugg, Non-Executive Director

Stuart Gale, Interim CEO
T: +618 9261 6100
E:
contact@rml.com.au

Ms Yasmin Broughton, Non-Executive Director

Mr Peter Sullivan, Non-Executive Director

Mr Mark Potts, Non-Executive Director


 

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