Resolute Mining Ltd (OTCPK:RMGGY)
$ 5.21 -0.29 (-5.27%) Market Cap: 1.07 Bil Enterprise Value: 1.04 Bil PE Ratio: 88.33 PB Ratio: 1.89 GF Score: 59/100
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Q2 2020 Resolute Mining Ltd Activities Report Call Transcript

Jan 20, 2020 / 09:30PM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Resolute Mining Limited investor conference call. (Operator Instructions)

I'd now like to hand over to the Managing Director and CEO, John Welborn. Thank you. Please go ahead.

John Paul Welborn
Resolute Mining Limited - MD, CEO & Director

Thanks very much, Tara, and welcome, everyone, to today's Resolute investor conference call. This conference call is to cover the quarterly activities report for the December 2019 quarter. And as part of that, I'll be very pleased to talk about the divestment of our Ravenswood gold mine under commercial terms that we're very pleased with and obviously also today's news where Resolute is currently in a trading halt, pending an equity raising of up to AUD 196 million to be used almost exclusively for the repayment of Toro Gold bridge acquisition facility and significantly strengthen the company's balance sheet. Furthermore, I'll talk about our December quarter, one that was dominated by repairs -- the unscheduled repairs conducted to Syama roaster.

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