Resolute Mining Ltd
(ASX:RSG) has announced a record net profit of $213 million, according to its unaudited financial results for the year ending 30 June 2016.
Resolute Mining says it generated this ‘record’ result from selling over 340,000 ounces of gold, which led to a gross operational profit of $167 million.
The gold miner says this figure was ‘above guidance’ and represents an increase of 135% compared to the previous FY.
As for gold and silver sales, the company says these were up 21% compared to the previous FY, and totalled $555 million.
The company says its full audited accounts will be released in late August 2016.
Resolute Mining reported a net profit of $106.9 million at 31 December 2015.
