REG - Resolute Mining Ltd - Becoming a substantial holder

Resolute MiningAnnouncement

27/03/2020 07:12

RNS Number : 8416H
  
Resolute Mining Limited
  
27 March 2020
  
 

27 March 2020
 
Resolute Mining Limited
(Resolute or the Company)
 
Form 603
Notice of initial substantial holder
 
Resolute Mining Limited (ASX/LSE: RSG) advises that Vanguard Group has issued a Form 603 titled "Notice of initial substantial holder" to the Australian Securities Exchange.
A full PDF version of the Form 604 is available from the Company's website: https://www.rml.com.au/investors/asx-announcements/.
For further information, contact:
 



John Welborn 
Managing Director & CEO


Jeremy Meynert
General Manager - Business Development & Investor Relations 



 
About Resolute
Resolute is a successful, dividend paying gold miner with more than 30 years of experience as an explorer, developer and operator of gold mines in Australia and Africa which have produced more than 8 million ounces of gold. The Company trades on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG.
Resolute has a Global Mineral Resource base of more than 19 million ounces of gold. The Company's flagship asset is the world class Syama Gold Mine in Mali which has the ability to produce 300,000 ounces of gold per annum from existing processing infrastructure. Resolute has commissioned the world's first automated underground mine at Syama which will deliver a low cost, large scale operation with a mine life beyond 2032. The Mako Gold Mine in Senegal is a high quality, low cost asset with average annual production of approximately 140,000 ounces of gold. A binding agreement has been signed to sell the Ravenswood Gold Mine in Queensland, Australia for up to A$300 million. A strategic review is currently underway of the Bibiani Gold Mine in Ghana.
Resolute's guidance for FY20 has been set at production of 500,000 ounces of gold at an AISC of US$980 per ounce. FY20 Guidance will be revised once the sale of Ravenswood has been finalised.  
 
Contact Information






Resolute
John Welborn, Managing Director & CEO
Jeremy Meynert, General Manager - BD & IR
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













 
Authorised by Mr John Welborn, Managing Director & CEO 
 



ASX/LSE: RSG Capital Summary
Fully Paid Ordinary Shares: 1,057,099,666
Current Share Price (ASX):

A$0.925 as at 26 March 2020
Market Capitalisation: A$978 million
FY20 Guidance: 
500,000oz @ AISC US$980/oz  


Board of Directors
Mr Martin Botha Non-Executive Chairman

Mr John Welborn Managing Director & CEO 
Ms Yasmin Broughton Non-Executive Director 
Mr Mark Potts Non-Executive Director
Ms Sabina Shugg Non-Executive Director
Mr Peter Sullivan Non-Executive Director


Contact
John Welborn Managing Director & CEO
Jeremy Meynert GM - BD & IR

Level 2, Australia Place | 15-17 William St

Perth, Western Australia 6000

T: +61 8 9261 6100 | F: +61 8 9322 7597

E: contact@rml.com.au



 
 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
MSCPPUGUWUPUUMM