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Resolute foreshadows $21 million second-half profit

PERTH-based Resolute's refocus on gold is starting to pay off, with the company today announcing gross operational cash flow of $17 million for the December quarter, with attributable gold production of 82,804 ounces at an average cash cost of US$177/oz.

Greg Tubby

Chief executive officer Michael Carrick said the result placed Resolute in a strong financial position: "The group's balance sheet as at December 31 contains approximately $61 million in cash and bullion."...

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