RMGGF - Resolute Mining Limited (RMGGF) Q1 2024 Earnings Call Transcript
2024-04-30 16:18:09 ET
Resolute Mining Limited (RMGGF)
Q1 2024 Results Conference Call
April 30, 2024 4:00 AM ET
Company Participants
Terence Holohan - MD, CEO & Director
Christopher Eger - Chief Financial Officer
Conference Call Participants
Justin Chan - SCP Reserve Finance
Reg Spencer - Canaccord Genuity
Cody Hayden - Berenberg
Presentation
Terence Holohan
Good day, ladies and gentlemen. This is Terry Holohan, the Chief Executive of Resolute. I am joined today by Chris Eger, who is our CFO. And we'd like to take you through our performance over the first quarter of 2024. You'll be able to follow the presentation as I take you through. It should be on the webcast platform in front of you, but also the slides are fully available on our website.
Move to Slide number 2. That shows our disclaimer. I just want to highlight there that the guidance is there of 345,000 to 365,000 ounces for this year at a cost of between $1,300 and $1,400 per ounce. What will unfold going forward through this presentation that we are very comfortable with these numbers after what we think is a very comfortable and good performing Q1.
As we move across to Slide 3, just to remind you who we are. We have the 2 gold mines in Sayama, Mali and Mako in Senegal. And we're conducting exploration in both those 2 countries as well as Guinea, and we're very excited about the results that we're starting to achieve. If we move across to Slide 4, we produced 76,000 ounces, which is exactly where we expected to be, given the sulfide plant shut that we performed, and I'll go into that in a bit more detail later. What is particularly pleasing is our all-in cost of $1,487 -- despite the lower production, we maintained it plus or minus where we were in last quarter, a much higher production rate. And this is because of the ongoing initiatives that we've put in place over the last year. And we do expect these costs to come down, as I alluded to with our guidance going forward....
Resolute Mining Limited (RMGGF) Q1 2024 Earnings Call Transcript