Ann: March 2021 Quarterly Activities Statement, page-28

Good points:
- Highest Syama Suphide production since 2016:

- Syama Hybrid Power Station nearing completion with 90% of site power now generated from the new facility.
- Resolute has satisfied the conditions associated with restoration of the Bibiani Mining Lease and continues to consider all options for the successful development or sale of Bibiani.
- Resolute has since refunded the $5 million deposit to Chifeng. So all square again.
- Hedging Forward Sales reduced from 133koz @ US$1,687/oz to 108koz @ US$1,696/oz, offset by an increase in zero cost collars from 40koz to 65koz.
As an investor I much prefer these zero cost collars than forward sales.

On the minus side Resolute has had shaken shareholder faith with their failure to handle the Ghanaian Governments expectations. I think this was easily avoidable.
There was also issue with availability of critical spares for the Syama roaster’s primary fan. This is a numpty mistake. Especially with all the issues they've had recently.

If your free carried or have a small amount you can risk, is OK. If can put four improving quarters in place from here, can be considered returned from the penalty box.