Resolute Mining - The World's First Fully Automated Gold Mine.
Matthew Gordon, Ptolemy Capital
Resolute Mining is an ASX/LSE listed dividend-paying (cash/gold) gold mining company with over 30-years of experience exploring, developing, and operating gold mines in Africa and Australia. Resolute Mining's gold projects have produced more than 8Moz of gold. The company owns 4 gold mines, 3 of which are in production.
Resolute Mining decided to complete a dual listing on the Main Market of the London Stock Exchange. Welborn said the move was intended to enhance Resolute Mining's growth pathway, with the vision of becoming a low-cost, long-life, 500,000oz per annum gold producer. Share price performance across both markets has been stagnant and somewhat disappointing, especially considering how good a year it has been for Resolute Mining's commodity of choice, gold. Resolute Mining has a market cap of AUS$1.04B. The share price started at AUD$1.15, rose to a peak of AUD$2.06 in August, before falling back down to today's price of AUD$1.16. On the LSE the share price started towards the end of June at £0.66, rose to a peak of £1.17 in August, before falling back down to £0.61 today.
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