LEADERSHIP

Syama strike sees Resolute withdraw guidance

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

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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. 

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