Resolute Mining Posts Strong Cash Generation as West African Growth Pipeline Advances

Resolute Mining ( (AU:RSG) ) just unveiled an update.

Resolute Mining reported Q1 2026 gold output of 59,603 ounces from its Mako and Syama operations, broadly in line with expectations, with a low injury frequency rate and all-in sustaining costs of $2,210 per ounce in line with guidance despite higher royalties from record gold prices. The miner delivered strong financial performance, including $119.8 million in operating cash flow, EBITDA of $202.9 million, net cash of $315.4 million, and proceeds from the sale of its Loncor Gold stake.

The company advanced its growth pipeline, securing a mining permit and final investment decision for the Doropo project in Côte d’Ivoire, progressing a scoping study and successful drilling at the ABC project, and moving forward with the Mako Life Extension Project in Senegal. A strategic MoU in Guinea, substantial increases in mineral resources and ore reserves, and the planned Syama Sulphide Conversion ramp-up underpin guidance of 250,000–275,000 ounces for 2026, though management cautions that elevated fuel prices may pressure costs in coming quarters.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$89.00 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 is a West Africa-focused gold producer with core operations at the Mako mine in Senegal and the Syama mine in Mali, and a growing development pipeline in Côte d’Ivoire and Guinea. The company generates revenue from gold production and is expanding its resource base through projects such as Doropo and ABC, positioning itself as a significant regional player in established West African gold jurisdictions.

Average Trading Volume: 10,102,149

Technical Sentiment Signal: Buy

Current Market Cap: A$3.05B

See more insights into RSG stock on TipRanks’ Stock Analysis page.