Gold production by Resolute Mining increased by 33 per cent over the December 2018 quarter, equating to a total of 73,691 ounces.

The largest contribution from this production increase was from its Syama gold mine in Mali, which saw a rise of more than 50 per cent. 

The total 56,207 ounces from the mine consisted of 34,653 ounces from the Oxide operations and 21,554 ounces from the Sulphide operations. 

There will also be further production increases from the Sulphide operations, following the commencement of sublevel cave ore production from the Syama Underground Mine during the December quarter. 

Production by Resolute at the Ravenswood mine in Queensland was also sustained, with 17,484 ounces produced during the quarter. 

As of December 31, cash, bullion and listed investments totaled $111million.

Resolute Mining Managing Director and CEO John Welborn said the results from the December quarter was a large development.

“Production from Syama and Ravenswood is now on track and the commencement of sublevel caving at our Syama Underground Mine will provide further improvements as we commission the world’s first fully automated underground mine,” he said.

“Resolute is now ready to prioritise growth and take bold steps in 2019 including listing on the London Stock Exchange.” 

Resolute will release its 2018 Quarterly Activities Report prior to January 31, which will provide further details and commentary.