e.l.f. Beauty stock plummets 20% as revenue and guidance fall short of expectations
PERTH - Resolute Mining Limited (ASX/LSE:RSG) announced Tuesday that its Syama Mine in southern Mali continues to operate with minimal disruption despite ongoing challenges in the country.
The gold producer is addressing supply chain issues, particularly with fuel and explosives deliveries, by diversifying its supplier base and logistics routes, according to a company statement. These measures were previously outlined in Resolute’s September Quarterly Activities Report.
The company acknowledged that the situation in Mali "continues to be unpredictable" but confirmed that permits for both the Syama operation and exploration activities remain in good standing.
Resolute emphasized that the safety of its employees and the surrounding community remains a top priority as it monitors developments in the West African nation.
The announcement comes amid recent media reports about events in Mali, where political instability has created operational challenges for mining companies in recent years.
The Syama gold mine is one of Resolute’s key assets and a significant contributor to the company’s production profile. Located in the south of Mali, the operation includes both open-pit and underground mining activities.
No specific details were provided regarding the nature of the media reports that prompted the company update. Resolute indicated it would provide further updates on the situation as appropriate.
The information was released in a statement to the London Stock Exchange and the Australian Securities Exchange.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
