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IN BRIEF: Resolute Mining interim earnings improve on gold price hike

25th Aug 2022 17:58

Resolute Mining Ltd - Perth-based gold miner in Africa - Revenue in first half of 2022 rises 22% to USD317.7 million from USD261.3 million a year earlier. Pretax loss narrows markedly to USD8.0 million from USD204.3 million. Average realised gold price rises 5.9% to USD1,824 an ounce from USD1,723 a year earlier. "I am pleased with the ongoing continuous improvement of the Syama sulphide operation, which achieved 4% more gold produced on the comparable period including the planned major maintenance shutdown in H1 2022," Chief Executive Terry Holohan says.

Current stock price: 17.52 pence, up 4.8% on Thursday

12-month change: down 27%

By Eric Cunha; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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