Resolute Mining Limited · ASX:RSG
Resolute Mining — Gold Forum Americas 2020
22 slides from Resolute Mining's conference presentation, Sep 23, 2020
Slide 1: Mine Gold. Create Value.
For personal use only Mine Gold. Create Value. Gold Forum Americas 2020 Corporate Presentation | September 2020
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers For personal use only This presentation contains information about Resolute Mining Limited (Resolute or the Company) and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation remains subject
Slide 3: Company Overview: Mako, Syama, Bibiani
For personal use only Mako Senegal Syama Mali Bibiani Ghana Strategic Review Ongoing Production Mineral Resources Ore Reserves Market Capitalisation ~400koz 13.3Moz 4.7Moz A$1.05Bn per annum £591m | US$757m Note: Market capitalisation as at 27 August 2020. Mineral Resources and Ore Reserves are as a
Slide 4: Operational Highlights
Operational Highlights For personal use only Half Year to 30 June 2020 217,946oz US$1,020/oz Total Gold Poured All-In Sustaining Cost 212,668oz Total Gold Sold US$1,427/oz Ave Price Received Photo: Tabakoroni Open Pit Mine 3
Slide 5: Financial Highlights
Financial Highlights For personal use only Half Year to 30 June 2020 US$305m US$91m Revenue Gross Operating Cash Flows* US$107m US$61m Underlying EBITDA Underlying Net Profit After Tax inclusive of Ravenswood gain US$101m US$36m EBITDA Net ProfitAfter Tax * Gross Operating cash Flows represent cash
Slide 6: Operational Performance
Operational Performance For personal use only COVID-19 • Comprehensive companywide response implemented; US$1m to support Mali Govt / Senegal Govt response Response • Mining and processing continuing with currently no negative impact on gold production Production • Gold poured of 217,946oz at an AIS
Slide 7: H1 Production of 217,946oz
H1 20 Production of 217,946oz For personal use only Multi-Asset Production Base 217,946oz 208,494oz 176,236oz 85,663oz 25,929oz 87,188 129,199oz 11,046oz 35,890oz 28,557oz 150,307oz 121,237oz 93,309oz 92,749oz H2 18 H1 19 H2 19 H1 20 Note: H1 is the six month period to 30 June and H2 is the six mont
Slide 8: All-In Sustaining Cost
All-In Sustaining Cost For personal use only AISC of US$1,020/oz in H1 20 including Ravenswood Group 1,050 828 1,276 955 AISC 1,843 (1) 1,482 1,341 1,242 1,095 901 758 682 $687 H2 18 H1 19 H2 19 H1 20 Ravenswood Syama Mako Note: H1 is the six month period to 30 June and H2 is the six month period to
Slide 9: Group Earnings Profile
Group Earnings Profile For personal use only Revenue (US$m) EBITDA (US$m) EBITDA Margin 10% 24% 12% 33% 305 305 101 228 162 55 37 16 H2 18 H1 19 H2 19 H1 20 H2 18 H1 19 H2 19 H1 20 Continuing Operations Ravenswood Comparable revenue, based on gold sold in H1 20 compared to H2 19 driven The increase
Slide 10: Balance Sheet and Hedging
Balance Sheet and Hedging For personal use only Debt Maturity Profile – US$45m Capital Structure Simplification undrawn RCF Overview • Higher cost US$130m Toro Gold acquisition bridge facility and US$63m Mako project loan repaid through a combination of low-cost debt and equity. • Additional liquidi
Slide 11: Syama Gold Mine: Mali
Syama Gold Mine: Mali For personal use only Annual production ~260,000oz Increase sulphide recoveries to +80% Syama Underground operating at full capacity Continuing high margin oxide operations Define mine plan for Tabakoroni Underground Update and publish new Syama Life of Mine plan 10
Slide 12: Sulphide Operations – H20
Sulphide Operations – 1 H20 For personal use only 80% gold recoveries through processing Syama Underground Mine Sulphide Production Processing recovery and gold poured • 56,679oz produced; • AISC US$1,445/oz – reflects draw down of high cost inventory 40,000 90 • Overall sulphide circuit recovery ac
Slide 13: Oxide Operations – H20
Oxide Operations – 1 H20 For personal use only Low cost production from Tabakoroni; satellite deposits to provide feed in H2 20 Oxide Production • 64,558oz at an AISC of US$789/oz • 95% recovery achieved from Tabakoroni North and Splay Pits Future Oxide Production • Mining completed at Tabakoroni •
Slide 14: Syama Outlook
Syama Outlook For personal use only New Syama Power Plant • Bulk earthworks, mobilisation and construction commenced and progressing to plan • 40% reduction to power costs • Environmentally friendly, reducing emissions by ~ 20% Tabakoroni Underground Mine • PFS due for completion in current quarter
Slide 15: Mako Gold Mine: Senegal
Mako Gold Mine: Senegal For personal use only Annual production ~140,000oz at an AISC of US$900/oz Maintain high productivity, low cost operations Strong cash flow generative operations Regional exploration to further extend mine life 14
Slide 16: Mako Operations – H20
Mako Operations – 1 H20 For personal use only Consistent performance with strong cashflow generation Production • 85,663oz poured • AISC of US$758/oz Processing • 92-93% recoveries Stockpile • +2Mt at an average grade of 1.2g/t Consistent, strong positive cash flows Photo: Recently commissioned Cate
Slide 17: Mako Outlook: Updated Life of Mine Plan
Mako Outlook: Updated Life of Mine Plan For personal use only Material improvement to gold production and mine life Mako LOM update New LOM Annual Production and AISC • Average annual production of 140koz over next five years • LOM production from inception of 1.24Moz, up 39% Annual Production (t) A
Slide 18: COVID-19 Response
COVID-19 Response The health, safety and well-being of our people is our highest priority For personal use only • Comprehensive companywide response plan implemented • Keeping our mines running is important for all stakeholders • FY20 production and cost guidance maintained • Regional experience, se
Slide 19: Commitment to Sustainability
Commitment to Sustainability For personal use only 1.07 50% Total Recordable Injury Frequency Rate Reduction in TRIFR (TRIFR) in past 12 months ZERO Major Environmental Proactive Incidents or Approach to Tailings Regulatory Non- Dam Management Compliance $814m 90% Total Economic National Value Distr
Slide 20: Responsible Gold Mining
Responsible Gold Mining For personal use only Sustainable Performance Framework based on commitment to the World Gold Council’s Responsible Gold Mining Principles Photo: Revegetation activities, Mako Gold Mine 19
Slide 21: Corporate Summary
Corporate Summary (ASX / LSE : RSG) For personal use only Capitalisation A$ £ US$ ASX Price Performance $2.25 40 Share Price $0.95 £0.52 $0.66 $2.25 60 Shares on Issue 1,103,892,706 $2.00 35 $2.00 50 Market Capitalisation $1.05B £591m $776m $1.75 $1.75 30 Top 10 Shareholders $1.50 $1.50 40 Share Pri
Slide 22: Follow Us / Contact
For personal use only Follow Us Contact John Welborn | Managing Director & CEO EMAIL | contact@rml.com.au PHONE | +61 8 9261 6100 WEB | www.rml.com.au