Mali setbacks force Resolute to cut Syama outlook - The Northern Miner

AI desk brief

Resolute Mining cut 2026 guidance for its Syama gold mine in Mali to 150,000-160,000 oz at AISC of $2,300-$2,400/oz, from prior guidance of 195,000-210,000 oz at $1,950-$2,150/oz, after supply disruptions and mining constraints restricted access to higher-grade ore. The company also lowered group guidance to 205,000-225,000 oz at $2,250-$2,350/oz, versus 250,000-275,000 oz previously, and shares fell 4.4% in Sydney.

Operationally, July and August were hit hardest, with Syama producing 15,500 oz combined; September is seen improving to about 15,000 oz and Q3 output around 31,000 oz, while Q4 is forecast at 45,000-50,000 oz. Management is pushing recovery measures including an on-site emulsion plant due in November, added open-pit fleet capacity, and contractor changes, but near-term recovery still depends on easing supply and logistics constraints in Mali.