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Resolute exits Australia to focus on Syama, Mako and being ready for more M&A

RESOLUTE Mining has exited gold mining in Australia with the sale of the Ravenswood gold project to private equity firm EMR and Singapore-listed Golden Energy and Resources.

Michael Quinn
Resolute managing director John Welborn

Resolute managing director John Welborn

Resolute is selling the project for A$50 million cash, a $50 million promissory note, and further payments potentially totaling another $200 million contingent on future gold prices and production achievements...

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