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Resolute Mining
(Sydney:RSG)
Resolute Mining (RSG) vs. iShares MSCI Australia ETF (EWA)
Resolute Mining Business Overview & Revenue Model
Resolute Mining Earnings Call Summary
Resolute Mining Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 800.97M | 631.07M | 651.13M | 549.24M | 602.99M | Gross Profit |
| 219.63M | 113.34M | 93.92M | 46.57M | 104.19M | EBIT |
| 32.36M | 147.78M | 57.58M | -11.30M | 48.02M | EBITDA |
| 28.01M | 109.91M | 99.29M | -190.20M | 276.75M | Net Income Common Stockholders |
| -28.30M | 65.58M | -34.66M | -367.47M | -36.48M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 69.27M | 59.77M | 80.87M | 88.44M | 124.59M | Total Assets |
| 819.56M | 853.08M | 868.79M | 984.20M | 1.42B | Total Debt |
| 43.79M | 84.29M | 141.03M | 327.78M | 359.78M | Net Debt |
| -25.48M | 24.52M | 60.15M | 260.18M | 271.19M | Total Liabilities |
| 336.34M | 310.90M | 397.30M | 558.64M | 609.85M | Stockholders Equity |
| 537.76M | 590.15M | 543.43M | 495.63M | 835.74M |
| Cash Flow | Free Cash Flow | |||
| 10.19M | 34.77M | 23.12M | -11.11M | -41.03M | Operating Cash Flow |
| 0.00 | 106.45M | 90.91M | 45.11M | 42.44M | Investing Cash Flow |
| -70.39M | -68.90M | 15.17M | -25.07M | -52.98M | Financing Cash Flow |
| -36.52M | -57.35M | -97.84M | -49.49M | 16.61M |
Resolute Mining Technical Analysis
Resolute Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $1.41B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
51 Neutral | $2.01B | -1.27 | -21.11% | 5.15% | 2.92% | -30.46% | |
| C$4.47B | 9.02 | 22.80% | 1.41% | ― | ― | ||
| $1.64B | 11.99 | 21.73% | ― | ― | ― | ||
| $1.98B | 21.31 | 18.72% | ― | ― | ― | ||
| $2.28B | ― | -0.38% | ― | ― | ― | ||
| $2.07B | 9.09 | 26.42% | 1.09% | ― | ― |
Resolute Mining Corporate Events
Resolute Mining Limited announced the acquisition of the Doropo and ABC projects in Côte d’Ivoire, which are expected to enhance its gold production capabilities. This strategic move aligns with Resolute’s growth objectives and could potentially strengthen its market position in Africa. The company has set a production guidance for 2025 of 275,000 to 300,000 ounces of gold at an All-in Sustaining Cost (AISC) of $1,650 to $1,750 per ounce, indicating a focus on maintaining cost efficiency while expanding operations.
Resolute Mining Limited has announced the acquisition of the Doropo and ABC Gold Projects in Côte d’Ivoire from AngloGold Ashanti for $150 million. This strategic acquisition is expected to enhance Resolute’s portfolio by adding a high-quality, near-term production asset in a stable mining jurisdiction. The Doropo Project, which is at the definitive feasibility study stage, is anticipated to significantly boost Resolute’s annual gold production to over 500,000 ounces, complementing its existing operations. The acquisition is seen as a pivotal move to diversify and strengthen Resolute’s production profile, with the company planning to optimize and de-risk the project further. The development of Doropo is expected to be funded through existing liquidity and external debt facilities, with first production slated for mid-2028. This move aligns with Resolute’s strategy to grow as a leading gold producer in Africa, offering substantial value creation for stakeholders.
UBS Group AG and its related bodies corporate have ceased to be substantial shareholders of Resolute Mining Limited as of April 22, 2025. This change in shareholding could impact the company’s shareholder structure and influence its market dynamics, potentially affecting its operations and stakeholder interests.
Resolute Mining Limited has released its Q1 2025 Activities Report, confirming its production guidance for 2025 to be between 275,000 and 300,000 ounces of gold at an All-in Sustaining Cost (AISC) of $1,650-1,750 per ounce. This announcement reaffirms the company’s operational targets and cost management strategies, which are crucial for maintaining its competitive position in the gold mining industry. The report also highlights that all material assumptions and technical parameters underpinning the estimates of ore reserves and mineral resources remain unchanged, ensuring stakeholders of the stability and reliability of its resource estimates.
Resolute Mining Limited reported a strong start to 2025 with a decrease in total recordable injury frequency rate and robust cash flow generation, despite a slight decline in gold production. The company maintained its production and cost guidance, with significant progress in the Syama sulphide conversion project in Mali and promising exploration results from the Bantaco site in Senegal. Resolute’s financial position remains solid with increased net cash and ongoing efforts to create shareholder value through geographical diversification and exploration activities.
Resolute Mining Limited has announced a webcast and conference call scheduled for April 24, 2025, where CEO Chris Eger will discuss the company’s Quarterly Activities Report for the period ending March 31, 2025. This event is aimed at investors, analysts, and media, and will include a Q&A session, potentially impacting stakeholder engagement and providing insights into the company’s operational performance.
UBS Group AG and its related bodies corporate have become a substantial holder in Resolute Mining Limited as of April 4, 2025, with a voting power of 5.26%. This development indicates a significant interest by UBS in Resolute Mining, potentially impacting the company’s strategic decisions and market positioning, while also reflecting UBS’s confidence in the company’s growth prospects.
Resolute Mining Limited has announced its Annual Ore Reserve and Resource Statement for the year ending 31 December 2024, highlighting successful exploration efforts in Senegal and Guinea. The company maintained its total mineral resources at 11 million ounces of contained gold and total ore reserves at 4.4 million ounces, despite mining depletion. Notably, the Syama North Ore Reserves increased to 1.5 million ounces, enhancing open pit flexibility and supporting the future Sulphide Conversion Project. These developments underscore Resolute’s strategic focus on extending the life of its operations and optimizing its resource base in West Africa.
Resolute Mining Limited reported a 27% increase in revenue to $800.973 million for the year ended December 31, 2024, driven by higher gold sales and improved processing performance at its Syama and Mako operations. Despite this revenue growth, the company experienced a net loss of $13.280 million due to increased depreciation, amortization, and income tax expenses, as well as fair value movements resulting in unrealized foreign exchange losses. The company’s EBITDA improved significantly, reflecting operational efficiencies, although challenges such as lower oxide production and rainy season disruptions at Mako impacted overall performance.
UBS Group AG and its related bodies corporate have become substantial holders in Resolute Mining Limited, acquiring 109,330,547 ordinary shares, representing a 5.14% voting power in the company. This acquisition reflects an increased interest and potential influence on Resolute Mining’s strategic decisions, impacting its operations and possibly signaling shifts in stakeholder engagements and market positioning.
Resolute Mining Limited has announced the appointment of Christopher Eger as a director, effective from February 1, 2025. This appointment, along with the allocation of 1,513,325 performance rights, is part of the company’s strategic leadership strengthening, which may impact its operational direction and stakeholder confidence.
Resolute Mining Limited announced the cessation of Terance Holohan as a director, effective February 1, 2025. This change is accompanied by a disclosure of securities held by Ms. Tammy Holohan, indicating performance rights vesting over the next several years, which may impact the company’s future governance and strategic direction.