Resolute Mining Limited (AU:RSG) has released an update.
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Resolute Mining Limited reports solid performance in the first quarter of 2024, with gold production slightly lower at 76,351 ounces due to planned maintenance, but with costs under control, reflected by an All-In Sustaining Cost of $1,487/oz. The company has successfully repaid its Term Loan Facility, positioning itself as fully unhedged and benefiting from a strong gold price market. With net cash increasing to $33.9m and promising exploration developments, Resolute is on track to meet its annual production guidance and expects to see increased production and cost efficiencies moving forward.
For further insights into AU:RSG stock, check out TipRanks’ Stock Analysis page.
