Australian miner Resolute has updated the life of mine of its Syama gold mine in Mali. The African mine is now expected to produce between 250,000 and 300,000 oz per year until 2029, a significant increase compared with last year’s production of 214,360 oz, according to the miner.
“Syama has a significant gold endowment and there is still a great deal of exploration to be undertaken in this exceptionally prospective area. We remain very confident that the Syama LOM will continue to develop and extend beyond what we have published today,” said Stuart Gale, the interim chief executive of Resolute, as quoted in a statement.
“Further mine life extensions are considered likely given the highly prospective tenement package and limited depth of drilling at both Syama and Tabakoroni to date,” Resolute said.
Resolute is listed on the Australian Securities Exchange (ASX).