Resolute Mining Limited (ASX:RSG) is expecting gold production to rise by 4 per cent in fiscal 2013 from the current financial year.
The Australia and Africa-focussed gold producer expects to deliver 415,000 ounces of gold next year with forecast group cash costs of $830 per ounce.
Resolute says continued growth at its flagship Syama gold mining operation in West Africa is expected to more than offset run down at its Golden Pride mine in East Africa.
Resolute’s board backed a major expansion at Syama last week and advise today the expansion is underway and expenditure is fully funded.
In the first half of the 2012 financial year Resolute Mining posted a net profit of $49.3 million.
