Resolute raises A$150m for production growth

Gold miner Resolute Mining would raise A$150-million through a share placement to fund long-life production growth. The ASX-listed company said on Tuesday that it would place a minimum of 76.5-million new shares, priced at A$1.96 a share, to raise the funds. The placement price represented a discount of 10.5% to the company’s last closing price, and an 11.1% discount to the five-day volume weighted average price.