RSG 10.3% 43.0¢ resolute mining limited

Ann: Sale of Ravenswood Gold Mine, page-2

  1. 2,426 Posts.
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    This is excellent news and perfect timing for the company. They are selling their highest cost per oz of gold asset (1200us$) which will improve substantially their margins going forward.

    They are getting a much needed (to invest in capex for their lower cost assets) 100M au$ of upfront value while preserving their right to a huge upside potential of 200M au$. IMO a great move by management.

 
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