Resolute Mining begins trading on London Stock Exchange

Resolute Mining announced on Thursday that, following the publication of its prospectus on 17 June, its shares had been admitted to trading on the London Stock Exchange Main Market.

The company said trading in its shares under the ticker ‘RSG’ began at 0800 BST on Thursday morning.

“We are delighted to deliver as promised on an important strategic goal for 2019,” said Resolute Mining managing director and chief executive officer John Welborn.

“Today marks an exciting milestone for Resolute as our shares commence trading on the Main Market of the London Stock Exchange.”

Welborn said the dual listing in London and the subsequent increase in profile in global investment markets was “perfectly timed” as the firm ramped up the new Syama Underground Mine in Mali.

“Syama, once commissioned, will be the world's first fully automated underground gold mine.

“We look forward to continuing to deliver on our exciting growth agenda.”

Resolute said its existing listing on the ASX in Sydney remained unchanged, with trading on the ASX unaffected by the dual listing in London.

It said it had not raised any additional funds or issued any new shares as part of the admission.