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Ravenswood acquisition marks Resolute's homecoming

RESOLUTE Mining is to buy the 200,000 ounce per annum Ravenswood gold project in Queensland from Xstrata for US$45 million in a deal which heralds a return to home soil for the African-focussed gold miner.

Michael Quinn
Ravenswood acquisition marks Resolute's homecoming

For its money Resolute gets a low grade, relatively high cost 4.5 million tonne per annum operation that has at least six years of reserves inside total resources of more than 2.7Moz. Cash costs are...

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