RSG 2.84% 68.5¢ resolute mining limited

Ann: Quarterly Activities Report, page-11

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  1. 2,184 Posts.
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    Rsg sp has been underperforming because of Syama UG due to higher investment in the autonomous haulage trucks and the ongoing problem with the roaster.

    ”The increase was driven by higher mill throughput (+21%), head grades (+8%) and improved recovery (+5%). “ means the investment is starting to pay off as the company is setting a good production quota from now on.
    I expect the Syama operation will be the company’s foundation cash cow.

    ”We continue to focus on further improvements to Syama Underground and Sulphide operations while ensuring the positive performance in the June quarter is sustainable and sets a benchmark for quarterly performance from now on. We expect to continue to improve production and deliver lower costs at Syama in the second half of 2020 while we evaluate further value enhancements and exciting exploration opportunities.”
 
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