Quote: from announcement
Managing Director and CEO, Mr John Welborn, was pleased to continue Resolute’s success in maximising gold sales revenue through responsible hedging strategies:
“The Ravenswood Expansion Project will generate significant and ongoing value for Resolute with a long mine life, low risk, and low costs.
The current Australian dollar gold price environment further supports the Company’s development plans and investments. We continue to actively manage our gold sales and establish modest near term hedging to secure revenues and protect the Company’s balance sheet. Establishing hedging at levels significantly above our budgeted gold price protects and supports Resolute’s revenue and cash flow.
“Resolute remains strongly leveraged to further upside in gold prices as we deliver on our strong organic growth agenda at Syama, Ravenswood, and Bibiani.”
For further information, contact:
Ann: Resolute adds to A$ gold hedge book, page-13
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