Resolute board gives green light for immediate development at Syama

Underground development at ASX-listed gold miner Resolute Mining’s 80%-owned Syama gold mine, located in south-eastern Mali, West Africa, will get under way immediately, following a positive definitive feasibility study (DFS) confirming Syama as a long-life, low-cost mine that will continue to deliver strong operating margins for more than a decade. The DFS indicated that the all-in-sustaining costs of Syama’s 12-year initial mine life would come to $881/oz, with total gold production growing to 250 000 oz/y.