EXPLORATION & DEVELOPMENT

Six months study for Syama

RESOLUTE Mining is to spend the next six months working on ways to improve the returns on the proposed Syama gold development in Mali, with royalties, power costs, and the potential for additional underground production amongst the parameters to be assessed.

Michael Quinn
Six months study for Syama

A recently completed feasibility study showed Syama had an IRR of 18.6% after tax, based on an $US82 million development producing 1.66 million ounces over six-and-a-half years at a gold price of US$425/oz....

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