Q4 2019 Resolute Mining Ltd Activities Report Call Transcript
Good morning to all listeners here in the U.K. or Europe, and good afternoon to everyone joining us from Australia. I'm delighted to announce Resolute's acquisition of Toro Gold, a private, low-cost producing gold mine in Senegal that last year produced 157,000 ounces with an all-in sustaining cost of USD 655 an ounce.
I'm delighted to be joined here in London with Resolute's General Manager of Business Development, Jeremy Meynert; and also the CEO of Toro Gold, Martin Horgan.
This is a very important strategic acquisition for Resolute. We're delighted to have the high-quality Mako Gold Mine in Senegal join our existing portfolio of Syama in Mali, Bibiani in Ghana and Ravenswood in Queensland. We are adding 160,000 annual ounces of production and an all-in sustaining cost of around USD 800 an ounce to our portfolio; as well as an extensive exploration position in Senegal, Cote d'Ivoire and Guinea. We're delighted with this value-accretive transaction which allowed us to increase production and cost guidance for the full
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
