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Resolute Mining ( (AU:RSG) ) has provided an announcement.
Resolute Mining Limited has announced an updated Mineral Resource Estimate for the Doropo Gold Project in Côte d’Ivoire, showing a 28% increase to 4.4 million ounces of gold. This significant increase is expected to extend the mine life by at least five years and enhance Resolute’s production capacity, positioning the company for growth in the West African mining sector. The company is updating its Definitive Feasibility Study and Ore Reserves, with expectations to maintain a production profile of over 200,000 ounces per year in the initial years of production.
The most recent analyst rating on (AU:RSG) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.
More about Resolute Mining
Resolute Mining Limited is an Africa-focused gold mining company, primarily engaged in the exploration, development, and operation of gold mines. The company focuses on expanding its operations in the West African region, aiming to increase its production capacity and diversify its mining portfolio.
YTD Price Performance: 77.22%
Average Trading Volume: 15,119,613
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.49B
For an in-depth examination of RSG stock, go to TipRanks’ Overview page.