Resolute Mining

The gold price touched an all-time high today in Australian dollar terms, sending the shares of many of the country’s gold miners surging, led by Resolute Mining and Northern Star Resources.

Perth-based gold producer Resolute Mining is adding a fourth mine to its portfolio after striking an agreement to acquire privately owned Toro Gold, which owns the high-margin Mako mine in Senegal.

Directors of several Perth-based ASX-listed companies have undertaken substantial share transactions in the past fortnight, with Peter Bradford, Peter Cook and John Welborn among those taking advantage of the trading window after the release of their annual results.

SPECIAL REPORT: The September quarter update to the BNiQ deals database shows that UBS, Sternship Advisors and Azure Capital have been the most active corporate advisers in the Western Australian market.

Resolute Mining was the gold medal performer on the ASX 200 this morning, as investors welcomed news that a broken processing circuit at its Syama operations would not affect its production guidance.

Resolute Mining will undertake a strategic review of its Bibiani gold mine, engaging Cutfield Freeman and Treadstone Resource Partners as advisers in the process.

Resolute Mining has signed a power supply agreement with Aggreko, to assist in the development of its Mali-based Syama solar hybrid power plant.

Perth-based Resolute Mining has finalised the sale of its Ravenswood gold project in Queensland to a private equity and mining consortium for up to $300 million.

Resolute Mining has agreed to repay all amounts outstanding under a $US130 million loan agreement with Taurus Funds Management, which it said would be funded by an equity raising.

A famous family name in resources is returning to Perth with Resolute Mining announcing the appointment of James Champion de Crespigny to a new executive role.

Subiaco-based Mali Lithium has announced a major capital raising that exceeds its prevailing market value, with the proceeds to fund the acquisition of the Morila goldmine in Africa.

After a rocky start to the year, confidence in WA’s gold sector is driving economic activity, with investment and exploration up.

Resolute Mining has begun its search for a new leader after managing director and chief executive John Welborn stepped down from the role.

Resolute Mining has reported slow gold production during the September quarter, less than a week after John Welborn's departure.

John Welborn has been appointed managing director and chief executive of Equatorial Resources, one month after stepping down as boss of Resolute Mining.

The Ghanaian government has restored a gold lease to Resolute Mining weeks after it was terminated, although it has forbid the mine’s sale to a Chinese buyer.

Traditional supply chains are under threat as China seeks greater control over its raw materials supply.

Resolute Mining has permanently appointed Stuart Gale as its managing director while recruiting former Paramount Mining Corporation boss Terry Holohan as chief operating officer.

Perth-based Resolute Mining has secured a new buyer for its Bibiani asset in Ghana, which has offered to pay $US90 million in cash.

Former Resolute Mining chief executive John Welborn will become non-executive chair of WA iron ore play Fenix Resources ahead of a $2.3 million investment in the company.

Shares in gold-focused Resolute Mining fell by 31 per cent to 46.3 cents on Monday morning, following an update regarding the status of three employees in Mali.

Mali-focused Resolute Mining has entered a trading halt, pending a market update regarding media speculation surrounding the status of three of its employees in the country.

Resolute Mining has announced an initial settlement payment of around $US80 million, or $123.5 million, to Mali’s junta government, amid three of its employees being detained.

Resolute Mining chief executive Terry Holohan and two colleagues have been released from detention by the Mali government, according to reports from French news agency AFP.

Leo Lithium has announced that all conditions over the sale of its 40 per cent JV stake in Mali Lithium and the subsequent Goulamina lithium project have been met prior to completion.

Resolute Mining has executed a second payment of $US50 million to Mali’s junta government, following a protocol agreement signed by both parties on November 18.

The miner has warned curtailment of aluminium production in Mozambique is possible as civil unrest hampers operations.

Resolute Mining has announced its managing director and chief executive Terry Holohan has departed the company, effective immediately.