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R Resolute Quarterly Activities Report for the period ended 31 March 2021 29 April 2021 Highlights • • • Total Recordable Injury Frequency Rate ( TRIFR ) was 0.96 , in line with the prior quarter and 40 % lower than the March 2020 quarter Quarterly production of 85,668 ounces ( oz ) , 5 % lower than the prior quarter reflecting the highest Syama sulphide gold production since 2016 together with expected lower production from Mako Realised gold price for the quarter averaged $ 1,729 / oz compared to the average spot price of $ 1,800 / oz All - In Sustaining Cost ( AISC ) of $ 1,239 / oz for the quarter , in line with 2021 guidance Pre - stripping commenced at Tabakoroni which is expected to provide improved throughput and grades for the oxide operations for the remainder of the year Syama Hybrid Power Station nearing completion with 90 % of site power now generated from the new facility . Net debt decreased to $ 222.8 million , from $ 230.4 million in the prior quarter , while cash and bullion balances were maintained at $ 106.0 million at 31 March 2021 • Drilling intersections at Tabakoroni continue to identify extensions to the underground project • • Life of Mine update confirming long production profile with significant upside exploration potential ( 7 April 2021 ) Resolute has satisfied the conditions associated with restoration of the Bibiani Mining Lease and continues to consider all options for the successful development or sale of Bibiani Note : All dollar figures are United States dollar ( US $ ) currency unless otherwise stated Resolute Mining Limited ( Resolute or the Company ) ( ASX / LSE : RSG ) presents its Quarterly Activities Report for the period ended 31 March 2021 . Resolute's safety performance for the quarter was steady with a TRIFR of 0.96 recorded over the preceding 12 months , despite the challenges posed by the COVID - 19 pandemic . Resolute's quarterly production of 85,668oz at an AISC of $ 1,239 / oz during the March 2021 quarter was underpinned by an improved performance from the Syama Gold Mine's ( Syama ) sulphide operation and a consistent performance at Mako Gold Mine ( Mako ) in Senegal , which was in line with expectations .. Syama's sulphide gold production for the quarter of 37,217oz is the highest since 2016 , continuing the improvement trend which commenced in late 2020. Syama oxide production was 44 % higher than the previous quarter , although below expectations , as ore from the Cashew Open Pit ( Cashew ) was required to be blended with low - grade stockpiles to improve material handling through the processing plant . Guidance for 2021 is reaffirmed with gold poured between 350,000oz to 375,000oz at an AISC of between $ 1,200 / oz and $ 1,275 / oz , inclusive of corporate overheads for the year . The focus for 2021 remains operational consistency , cash generation and debt repayment . RESOLUTE MINING LIMITED ASX / LSE : RSG | www.rml.com.au ABN : 39 097 088 689 Level 2 , Australia Place 15-17 William Street Perth , Western Australia 6000 T : +61 8 9261 6100 F : +61 8 9322 7597 E : contact@rml.com.au