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BRIEF-Resolute Mining Says Signed Conciliation Agreement With Union Nationale Des Travailleurs Du Mali

Published 28/09/2020, 11:40 am
© Reuters.
RSG
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Sept 28 (Reuters) - Resolute Mining Ltd RSG.AX :

* NEGOTIATIONS WITH UNION NATIONALE DES TRAVAILLEURS DU MALI RESULTED IN SIGNING OF A CONCILIATION AGREEMENT

* CONCILIATION AGREEMENT CONFIRMS CANCELLATION OF FURTHER PLANNED STRIKE ACTION AT SYAMA

* CONCILIATION AGREEMENT CONFIRMS CANCELLATION OF FURTHER PLANNED STRIKE ACTION AT SYAMA

* COMPROMISE HAS BEEN ACHIEVED BETWEEN RESOLUTE'S SUBSIDIARY CO IN MALI, SOCIÉTÉ DES MINES DE SYAMA S.A. (SOMISY) AND UNTM

* INDUSTRIAL RELATIONS DISPUTE AND STRIKE ACTIONS PRIOR TO AGREEMENT WILL RESULT IN REDUCED GOLD PRODUCTION IN CURRENT QUARTER

* EXPECTED IMPACT ON SYAMA FOR SEPTEMBER QUARTER IS DELAY IN PRODUCTION OF ABOUT 15,000 OUNCES OF GOLD

* COMMISSION TO BE ESTABLISHED TO EVALUATE & SUPPORT MEASURES THAT SOMISY BELIEVES ARE REQUIRED

* UNTM HAS CANCELLED PROPOSED STRIKE ACTION AT SYAMA

* 2020 TOTAL PRODUCTION EXPECTED TO BE BETWEEN 400,000 OUNCES & 430,000 OUNCES OF GOLD AT AISC OF BETWEEN US$980 & US$1,080 PER OUNCE

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