Resolute Mining see a boost in gold and silver sales

Company News

by Rachael Jones

Resolute Mining (ASX:RSG) reports a half year net profit after tax of $39 million for the six month period ended 30 June 2019, the same as the prior corresponding period.

Revenue for the period was up 33 per cent to A$324 million, generating a gross profit from operations of $69 million, up 77 per cent on the last half.

As part of the Company’s listing on the London Stock Exchange and to synchronise the consolidation of its African subsidiary companies’ accounts, Resolute changed its financial year end to 31 December.

Shares in Resolute Mining (ASX:RSG) last traded at $1.72.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.