Syama North is not going into production before 2025 and because...

Syama North is not going into production before 2025 and because we are talking about constantly lying Resolute I would not expect it before 2026 at the earliest, but the possibly high building costs of Syama North will already be revealed in first half of 2023. It is so fascinating with resolute how everything is constantly getting "better" but allegedly because of some "one-off effects" AISC always go up and all in all they only loose money.

One superduper quarter after another results in higher costs:


I think they will also have to transform half the Syama production from oxide to sulfide at some point, don't know what that costs. I just want to remember that there is always a good chance with Resolute for some shit event that causes them to not make profit at any gold price. And of course the management is not responsible for anything, poor folks, they should grant themselves 20 million AUD bonus immediately and I'm shure they will!

The largest dilution on the lowest share price is their latest masterpiece of mismanagement and all of this fresh money will go to repayment and upgrade. Somehow they still are just a bankrupt producer who falsely promised to be profitable for years.