BUZZ-Australia's Resolute Mining falls on weak gold production and forecast

Reuters

2025/01/30

** Shares of Resolute Mining RSG.AX fall 2.4% to A$0.41

** Stock hits lowest level since Dec. 13, 2024

** Gold miner expects 2025 group production to be between 275,000 and 300,000 oz of gold at between $1,650 and 1,750/oz AISC (all-in sustaining costs)

** Co posts 2024 group gold production of 340 koz, slightly below guidance of 345–365 koz due to lower-than-expected production at Mako gold mine in Senegal

** Says lower production forecast a result of weaker production from Mako as open pit mining stops at the end of first half

** Stock up 6.3% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

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09:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Resolute Mining falls on weak gold production and forecast</title></head><body><p>** Shares of Resolute Mining <span>RSG.AX</span> fall 2.4% to A$0.41</p><p>** Stock hits lowest level since Dec. 13, 2024</p><p>** Gold miner expects 2025 group production to be between 275,000 and 300,000 oz of gold at between $1,650 and 1,750/oz AISC (all-in sustaining costs)</p><p>** Co posts 2024 group gold production of 340 koz, slightly below guidance of 345–365 koz due to lower-than-expected production at Mako gold mine in Senegal </p><p>** Says lower production forecast a result of weaker production from Mako as open pit mining stops at the end of first half</p><p>** Stock up 6.3% this year, as of last close</p><p> (Reporting by Sherin Sunny in Bengaluru)</p><p> 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