Mali Gold Mine Yields Just 31,800 Ounces
Resolute Mining says its Syama gold mine in Mali made 31,777 ounces in the September quarter after explosives and security problems. The post Mali Gold Mine Yields Just 31,800 Ounces appeared first on The Rio Times .
Resolute Mining's Syama gold mine in Mali produced a relatively low 31,777 ounces in the September quarter, falling significantly from earlier in 2026. The company attributes the reduced output to shortages of explosives, a lengthy plant shutdown, and security challenges in Mali. Gold prices currently exceed US$4,000 per ounce, highlighting the challenges of mining in the region despite high gold prices.
The mine's all-in sustaining cost, which covers the total expense of running the mine, was US$2,596 per ounce. Across its entire mining portfolio, Resolute made 44,398 ounces at US$2,506 per ounce during the quarter. In response to the quarter's performance, Resolute has cut its 2026 forecast for Syama to between 150,000 and 160,000 ounces from the previous range of 195,000 to 210,000 ounces, while also revising its group forecast.
The cuts are due to issues with explosives supply, equipment availability, a long roaster shutdown, and a security issue in the second quarter that carried over into the third. Resolute plans to address these issues by building an on-site explosives plant, with commissioning expected in November. The ongoing security concerns in Mali continue to pose a risk to the mine's output.
Resolute anticipates that Syama will reach 45,000 to 50,000 ounces in the fourth quarter, contingent on the arrival of new contractor equipment and the commissioning of the explosives plant.
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