Resolute Mining has announced an increase record in gold production and sales from its Syama mine in Mali.
CEO and MD Terry Holohan confirmed the report and said the1% increase in gold production and a 6% increase in sales are attributed to improved performance. Syama is located in the southwest of Mali, approximately 30km from the Côte d’Ivoire border and 300km southeast of the capital Bamako.
Syama Gold Mine is a large-scale operation, comprising the established Syama Underground Mine, the Tabakoroni Complex comprising an open pit, and recently discovered underground Ore Reserve, along with several satellite oxide pits. According to the records released by the firm, gold production in the three months to September reached 90 387 oz, up from the 89 134 oz produced in the June quarter, while gold sales for the quarter increased from 84 944 oz to 90 404 oz.
The Syama sulphide processing circuit has been progressively upgraded by Resolute, with particular attention being paid to the Roaster. This has resulted to a 5% increase in sulphide operation from the previous quarter, producing 44 746 oz during the quarter. The oxide operation also delivered higher production at 13 876 oz, up from the 12 726 oz in the June quarter.
“Resolute recorded its fourth consecutive quarter of increased production, despite a historically challenging wet season. Operations at Syama continue to progress, capitalising on the increased capacity of the sulphide processing circuit. During the quarter Resolute was pleased to announce a 40% increase in mineral resources to two-million ounces at Syama North where gold is being discovered at about $10/oz. These results confirm the potential for a new openpit operation adjacent to the Syama processing complex,” said CEO and MD Terry Holohan.
