Original article by Peter Ker
The Australian Financial Review – Page: 18 : 16-Jan-20
A consortium headed by private equity firm EMR Capital has acquired the Ravenswood gold mine in Queensland from Resolute Mining. Production costs at Ravenswood averaged more than $2,000 an ounce in the first half of 2019; gold is currently trading at around $2,200 an ounce in Australian dollar terms, and around $US1,551 an ounce. EMR Capital is confident that plans to increase production will enable the mine to remain profitable even if the gold price falls below $US1,300 an ounce.
RESOLUTE MINING LIMITED – ASX RSG, EMR CAPITAL PTY LTD