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Resolute opens the exploration purse strings

DOUBLING its exploration budget to $A20 million for 2011-12, gold miner Resolute has had a busy year from its Australian and African operations culminating in gold production of 330,859 ounces and cash costs of $906/oz.

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Resolute opens the exploration purse strings

This compares to 352,302oz at cash costs of $741/oz in 2009-2010, with the June quarter delivering 85,421oz at cash costs of $923/oz. The Golden Pride operation in Tanzania churned out the most volume...

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