Resolute Mining Ltd (OTCPK:RMGGF)
$ 0.2571 -0.0209 (-7.52%) Market Cap: 561.89 Mil Enterprise Value: 509.07 Mil PE Ratio: 46.33 PB Ratio: 0.96 GF Score: 61/100
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Q4 2019 Resolute Mining Ltd Activities Report Call Transcript

Jul 31, 2019 / 10:00AM GMT
Release Date Price: $1.24 (+5.98%)
John Paul Welborn
Resolute Mining Limited - MD, CEO & Director

Good morning to all listeners here in the U.K. or Europe, and good afternoon to everyone joining us from Australia. I'm delighted to announce Resolute's acquisition of Toro Gold, a private, low-cost producing gold mine in Senegal that last year produced 157,000 ounces with an all-in sustaining cost of USD 655 an ounce.

I'm delighted to be joined here in London with Resolute's General Manager of Business Development, Jeremy Meynert; and also the CEO of Toro Gold, Martin Horgan.

This is a very important strategic acquisition for Resolute. We're delighted to have the high-quality Mako Gold Mine in Senegal join our existing portfolio of Syama in Mali, Bibiani in Ghana and Ravenswood in Queensland. We are adding 160,000 annual ounces of production and an all-in sustaining cost of around USD 800 an ounce to our portfolio; as well as an extensive exploration position in Senegal, Cote d'Ivoire and Guinea. We're delighted with this value-accretive transaction which allowed us to increase production and cost guidance for the full

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