LEADERSHIP

Syama strike sees Resolute withdraw guidance

Actions by mine union are in response to miner's pandemic protocols

Resolute's Syama mine in Mali

Resolute's Syama mine in Mali

Resolute said it has been reducing the risk of transmission by limiting the travel of non-essential workers from outside the surrounding region to the mine site.

Resolute is now considering how to respond, while telling the union the strike notice is "irresponsible, opportunistic and represents a breach of … commitments".

The West Africa miner's full-year guidance had been 430,000 ounces at all-in sustaining costs of US$980 per ounce, with 260,000oz of that contributed by Syama. 

Resolute's net debt at June 30 was $220 million.

Shares in Resolute fell 4.5% Wednesday and were down another 12% to 93c in morning trade today, capitalising the company at $1 billion. 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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