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RMGGF - Resolute Mining: 400000 Ounces Of Gold At A Production Cost Of Less Than $1000/Oz
Resolute Mining Ltd.
Introduction
Resolute Mining (RMGGF) (RMGGY) is an Australian mining company focusing on its gold producing operations in Africa where it’s represented in Ghana, Mali and Senegal. In Mali, the company has successfully transitioned its existing open pit mine to an underground mine plan which has now reached the commercial production phase with a total production of around 150,000 ounces of gold in the first semester. As it has been almost 4 years since discussing Resolute Mining here on Seeking Alpha, it’s time for an updated view on the Africa-focused gold producer.