Resolute Mining Limited (ASX:RSG) has reported higher December quarter production and maintained its annual production guidance.
The gold miner says it produced 95,668 ounces of gold of the last three months of 2011 at a cash cost $777 per ounce.
The company is aiming for annual production of 410,000 ounces at a cash cost of $730 per ounce in the 2012 financial year.
Resolute says the average cash price received on gold sold during the December quarter was $1,637 per ounce.
All of Resolute’s gold shipped in the quarter was sold at spot prices and the company continues to have full unhedged exposure to the gold price.
In the 2011 financial year Resolute Mining rebounded from a loss to a net profit of $42.9 million.
