CAPITAL MARKETS

Resolute flags upcoming impairment charge

RESOLUTE Mining has sought to ensure the market doesn’t overreact when it reports its half-year results next Friday by pre-emptively flagging a non-cash impairment charge in the range of US$165-175 million.

Less gold and a lower gold price means an impairment charge for Resolute

Less gold and a lower gold price means an impairment charge for Resolute

The impairment relates to the Syama operation and involves a number of factors including lower assumed gold prices and a recent reduced production guidance. Resolute made the point the impairment would...

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