Ausdrill Limited
(ASX:ASL) is expecting a hit to revenue
after Resolute Mining Limited (ASX:RSG) deferred mining of the Stage 2 cutback at the Syama sulphide open pit. The mining services provider says its revenues are likely to fall by about $US3.5 million per month over the next eight months, equating to a total of $28 million. The warning comes after Resolute Mining advised it is running ahead of schedule at the Syama operation in Mali but will defer mining of the Stage 2 cutback in light of current gold price levels.
Ausdrill says it has a number of other opportunities for work in Africa and Australia on which it remains competitively positioned.
Shares in Ausdrill slipped 0.98 per cent to close at $0.505 before the announcement was released.
Ausdrill reported a net loss of $43.85 million in the 2014 financial year.
