Resolute Mining (ASX:RSG) reported first-quarter gold production of 59,603 ounces, down from 75,497 ounces a year earlier, according to a Thursday filing with the Australian bourse.

The company said its all-in sustaining costs of $2,210 per ounce were in line with guidance as cost reductions partially offset higher royalty payments that were driven by record average realized gold prices.

Resolute Mining is on track to meet full-year production guidance of 250,000 to 275,000 ounces, it said.

The company's shares gained nearly 4% in recent Thursday trade.