Resolute exits Australia to focus on Syama, Mako and being ready for more M&A

RESOLUTE Mining has exited gold mining in Australia with the sale of the Ravenswood gold project to private equity firm EMR and Singapore-listed Golden Energy and Resources.

Resolute exits Australia to focus on Syama, Mako and being ready for more M&A Resolute exits Australia to focus on Syama, Mako and being ready for more M&A Resolute exits Australia to focus on Syama, Mako and being ready for more M&A Resolute exits Australia to focus on Syama, Mako and being ready for more M&A Resolute exits Australia to focus on Syama, Mako and being ready for more M&A

Resolute managing director John Welborn

Resolute is selling the project for A$50 million cash, a $50 million promissory note, and further payments potentially totaling another $200 million contingent on future gold prices and production