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Resolute Mining Managing Director John Welborn says he is no more worried about operating in Mali now than he was a week ago, despite a weekend terrorist attack at the Radisson Blu hotel in the nation’s capital that killed 20 people.

Speaking on the sidelines of Resolute’s annual shareholder meeting in Perth yesterday, Mr Welborn said he was in Mali, where the company operates the Syama gold mine, just days before the attack and was keenly aware of the security situation in the country.

“I’m no more worried than I was previously — and that’s not to reduce the risk,” he said.

“We are in a global geopolitical environment where these things are going to happen in places like Mali — and Paris, and Sydney, in the Lindt cafe, and New York.”

Mr Welborn said Resolute’s security advisers had warned him against staying at the Radisson, where foreign nationals are believed to have been the main target of the terror raid.

“Clearly if you’re operating in a place like Mali where there are significant security issues, predominantly in the north, there is a heightened risk,” he said.

“Our security information was that the Radisson was a target, that was why we weren’t staying there.

“I was in Mali last week, and obviously our thoughts go out to anyone that was affected by that event, along with Paris and all of the other terrorist atrocities."

But Mr Welborn said Syama was in Mali’s south, which has been largely untouched by the country’s troubled recent history.

“We’ve got our own airstrip, we’ve got a completely independent and secure location, and we’re doing everything we can to manage what is a significant security risk,” he said.

“Yes, we are concerned, but the incident itself hasn’t changed our focus.”

At his first annual meeting since taking the Resolute helm, Mr Welborn reaffirmed annual production guidance of about 315,000 ounces across its operations in Mali and Australia, at an average cash production cost of $990/oz.

He told shareholders Resolute’s main focus would be to keep pulling down production costs.

Mr Welborn confirmed Resolute remained committed to the development of its Bibiani project in Ghana, saying it still had the potential to deliver for shareholders despite its troubled history.

While Mr Welborn’s election as a Resolute director and a performance rights package were strongly supported by shareholders at the meeting, his predecessor Peter Sullivan’s move to a Non-Executive role was subject to a protest vote of 31 per cent.

It comes after former Silver Lake Resources Managing Director Les Davis, who was up for election as a non-executive director at the gold miner’s annual meeting on Friday, copped a 20 per cent no vote in protest.

Picture: John Welborn. The West Australian.