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Resolute Mining managing director and CEO buys more shares

John Welborn was appointed managing director and CEO on 1 July 2015.
map showing gold mine locations
The company aims to be a 500,000 ounces per annum gold producer

Resolute Mining Ltd (ASX:RSG) has had its managing director and CEO John Welborn purchase 50,000 shares for $54,250 through on-market trades.

The purchase increases Welborn’s overall holding to 4.44 million shares making him one of the company’s largest shareholders.

Resolute is in the process of developing its third operating gold mine Bibiani in Ghana alongside the Syama mine in Mali and Ravenswood mine in Queensland.

Production from Bibiani in FY21 will play a key role in transforming Resolute into a 500,000 ounces per annum gold producer.

READ: Resolute Mining generates solid cash flow in FY18 on road to 500,000 ounces per annum

READ: Resolute Mining appoints mining engineer to board

Resolute recently strengthened the technical expertise of its board through the appointment of non-executive director Sabina Shugg AM.

Shugg is a mining engineer with over 30 years’ experience involving senior operational roles with leading mining and consulting organisations including Normandy, Newcrest Mining Ltd (ASX:NCM), and KPMG.

She serves on a number of boards and committees committed to gender diversity, education, and resources.

Shugg replaces Bill Price who will retire from the board in October after 15 years of service.

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Resolute Mining Ltd Timeline

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