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Resolute Mining Sees Revenue Growth Amid Operational Challenges

Story Highlights
  • Resolute Mining’s revenue rose 27% to $800.973 million due to increased gold sales.
  • Despite revenue growth, Resolute faced a net loss of $13.280 million due to higher expenses.
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Resolute Mining Sees Revenue Growth Amid Operational Challenges

Resolute Mining Limited ( (AU:RSG) ) has provided an update.

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.

More about Resolute Mining Limited

Resolute Mining Limited operates in the mining industry, primarily focusing on gold production. The company is involved in the exploration, development, and operation of gold mines, with a significant market presence in Africa.

YTD Price Performance: 10.45%

Average Trading Volume: 21,856

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $483.4M

See more data about RSG stock on TipRanks’ Stock Analysis page.

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