Resolute Mining announces improvements to the Ravenswood Project

Company News

by Anna Napoli

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Last Updated: 19/06/2019 3:27 PM

Resolute Mining (ASX:RSG) has announced improvements to the Ravenswood Expansion Project (REP).

The gold miner has received the key approvals from the government allowing it to adopt an optimised mining and processing schedule.

The life of the mine has been extended by three years to 2032, with the mine expected to deliver 1.5 million ounces of gold production over 13 years.

The company says the Life of Mine all in Sustaining cost has been reduced to just over $1000 an ounce.

Shares in Resolute Mining (ASX:RSG) closed down 1.79 per cent to $1.37 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.