Resolute Mining Limited (RMGGF) has released an update.
Resolute Mining Limited reports a solid first quarter in 2024, maintaining steady gold production with 76,351 ounces poured and an All-In Sustaining Cost of $1,487/oz, despite a scheduled plant shutdown impacting output. The company has fully repaid its Term Loan Facility, achieving a net cash position of $33.9 million and transitioning to a fully unhedged stance to capitalize on robust gold prices. Resolute is on course to meet its annual production and cost guidance, with significant cash generation and exploration activities underway to extend the life of its operations.
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