• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Australia Market
    Australia News
    Australia Stocks
    • Australia Market
    • Australia News
    • Australia Stocks
    gold investing

    Resolute Completes First Stage of the Ravenswood Expansion Project

    Nicole Rashotte
    Dec. 23, 2019 03:00PM PST
    Australia Investing

    Resolute Mining announced that stage 1 of the Ravenswood expansion project has been completed at the Ravenswood gold mine in Australia.

    Resolute Mining (ASX:RSG,LSE:RSG) announced that stage 1 of the Ravenswood expansion project has been completed at the Ravenswood gold mine in Queensland, Australia.

    Highlights are as follows:

    • The first stage of the Ravenswood expansion project has been completed with recommissioning of third mill.
    • Site processing capacity at Ravenswood has been increased to 5 million tonnes per annum.
    • Processing of beneficiated low-grade stockpiles is now generating positive operating cash flows.
    • Stage 1 expansion targets production of 80,000 ounces of gold at an all-in sustaining cost of AU$1,600 per ounce in 2020.
    • The strategic and technical review of the Ravenswood expansion project continues to identify efficiency and scale improvements with potential to deliver 200,000 ounces annually for 15 years.
    • Stage 2 of the Ravenswood expansion project expected to commence during 2020 with timeline to complete implementation 24 months post investment decision.

    John Welborn, managing director & CEO, commented:

    The strategic review of the Ravenswood Expansion Project continues to demonstrate we are creating value for Resolute. Increasing the plant capacity at Ravenswood to 5 million tonnes per annum and using this capacity to beneficiate and process available low-grade stockpiles, delivers an immediately cashflow positive, profitable mining operation at Ravenswood. More importantly, it is a step towards the much larger production base that we believe is possible at Ravenswood. During 2020, the strategic review will now evaluate the future capital demands of the full REP, contemplate the timing of an investment decision on stage 2, and how best to maximise value for Resolute shareholders from this potential.

    Click here to read the whole Resolute Mining (ASX:RSG,LSE:RSG) press release.

    lse:rsgresolute miningasx:rsgqueenslandgold investingravenswood gold mine
    The Conversation (0)

    Go Deeper

    AI Powered
    Orezone Reports Q3-2025 Production and Hard Rock Expansion Update

    Orezone Reports Q3-2025 Production and Hard Rock Expansion Update

    Riverside Resources Expands Rare Earth Elements Program Including at Revel Project, British Columbia

    Riverside Resources Expands Rare Earth Elements Program Including at Revel Project, British Columbia

    Latest News

    Significant Mineralisation Confirmed In Sweden

    Proposed issue of securities - JLL

    Pronounced Lithium-in-soil Anomalies

    Successful $8M Placement & SPP to Advance McDermitt & SPAC

    Options Prospectus

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Australia Investing Stocks

    JZR Gold

    JZR:CA

    Blue Jay Gold

    Providence Gold Mines

    PHD:CC

    Mount Hope Mining

    MHM:AU

    Walker Lane Resources

    WLR:CC

    Rua Gold

    RUA:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES