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R Resolute ASX Announcement 27 August 2021 • • • 2021 Half Year Financial Results Total Recordable Injury Frequency Rate ( TRIFR ) at 30 June 2021 of 1.24 Gold production of 163,118 ounces ( oz ) ( H1 20 : 217,946oz ) reflecting improvements in production at Syama sulphide operations , offset by lower Syama oxide production and the open pit cutback at Mako Revenue of $ 261.3 million ( m ) ( H1 20 : $ 305.3m ) with gold sales of 151,503oz at an average gold price received of $ 1,723 / oz ( H1 20 : 212,668oz at $ 1,427 / oz ) Earnings before interest , tax , depreciation , and amortisation ( EBITDA ) of $ 77.7m ( H1 20 : $ 101.1m ) Net loss after tax of $ 219.8m inclusive of non - cash charges including asset impairment of $ 172.4m , foreign exchange and fair value movement expense of $ 26.3m and tax provisions and charges of $ 28.6m All - In Sustaining Cost ( AISC ) of $ 1,277 / oz reflecting lower production volumes in the H1 21 ( H1 20 : $ 1,020 / oz ) Debt repayments of $ 29.7m including $ 20.0m voluntary early debt repayment on Revolving Credit Facility Net debt decreased to $ 219.8m ( 31 Dec 20 : $ 230.4m ) with cash and bullion of $ 88.8m at 30 June 2021 New Board member and key management appointments including CEO , COO and CFO 2021 production and cost guidance of 315,000oz to 340,000oz at AISC of $ 1,290 / oz to $ 1,365 / oz . Note : Amounts are presented in United States dollars ( $ ) unless otherwise stated . All production and financial results for H1 20 include contributions from Ravenswood , which was sold in March 2020 . Resolute Mining Limited ( Resolute or the Company ) ( ASX / LSE : RSG ) presents the Company's half year financial results for the half year ended 30 June 2021 ( H1 21 ) . Resolute's Chief Executive Officer , Mr Stuart Gale commented : “ Our organisation has been through significant change during the first half of 2021 which has seen renewed enthusiasm and focus . Operational performance over this period is reflective of this as the Syama underground mine achieved record production in the June quarter which was matched by throughput at both the Syama sulphide and oxide processing circuits . Unfortunately , this performance was offset by lower mined grades at the Syama sulphide and oxide operations . The team at Mako continue to deliver in line with expectations as they undertake a cut - back of the main pit to extend the mine life . " " We remain focussed on capitalising on our investments , unlocking the significant value within our operations to generate cash and strengthen the balance sheet . With a number of key initiatives progressed during the half and the implementation of significant changes to people , processes and systems , we expect to see improvements to both our operating and financial results . " Level 2 , Australia Place ASX / LSE : RSG | www.rml.com.au RESOLUTE MINING LIMITED ABN : 39 097 088 689 15-17 William Street Perth , Western Australia 6000 T : +61 8 9261 6100 F : +61 8 9322 7597 E : contact@rml.com.au