Resolute Mining (RSG) AI Stock Analysis

• Market Cap: AU$2.85B
• Dividend Yield: N/A
• Average Volume (3M): 12.50M
• Price to Earnings (P/E): 157.1
• Beta (1Y): 1.35
• Revenue Growth: 42.75%
• EPS Growth: -5.56%
• Country: AU
• Employees: 4,059
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.04
• Shares Outstanding: 2,137,417,700
• 10 Day Avg. Volume: 17,430,185
• 30 Day Avg. Volume: 12,499,751
• PEG Ratio: 0.21
• Price to Book (P/B): 1.56
• Price to Sales (P/S): 1.05
• P/FCF Ratio: 82.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.88
• Price Target Upside: 40.21% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: AU$1.50 ▲(11.94% Upside)

Overall score reflects mixed financial performance (profitability and cash-flow concerns) offset by a constructive technical uptrend and a positive earnings-call outlook with strong cash generation and strategic growth initiatives. The high P/E meaningfully drags the score despite improving operations.

Positive Factors

Strong production and cash position

Sustained quarterly production near 76k oz and a net cash position above $110m signal durable cash-generation capacity. This supports funding of projects, sustaining capital and reduces refinancing risk, improving the company’s ability to execute multi-year growth plans without reliance on markets.

Transformative project acquisitions

Acquiring Doropo & ABC materially expands the resource and production pipeline, potentially scaling the business toward a 500k+ oz profile. This diversification across West Africa enhances long-term reserves, growth optionality and strategic positioning versus peers.

Low-cost Mako operation

Having a lower-AISC asset like Mako provides durable margin resilience across gold cycles. Cost-advantaged production offsets higher-cost sites, supporting consolidated cash flow, funding of development projects and smoothing earnings volatility over multi-year horizons.

Negative Factors

Security/supply-chain risk at Syama

Chronic security and logistics disruptions at Syama drive higher operating costs and production uncertainty. Persistent instability can materially raise AISC, reduce recoverable ounces and force higher contingency spending, undermining long-term margins and operational predictability.

Permitting uncertainty for Doropo

Doropo’s development depends on external permitting timelines and political cycles. Delays or conditional approvals can push back production ramp-up and returns on acquisition capital, increasing execution risk and potentially requiring extended sustaining spend before revenue accrual.

Working-capital and VAT cash leakage

Material recurring VAT and working-capital outflows ($32m H1) constrain free cash flow and raise short-term liquidity pressure. Over multiple periods, persistent tax/VAT drains reduce available funds for reinvestment, making project funding and balance-sheet resilience more sensitive to operational variation.

Resolute Mining Business Overview & Revenue Model

Company Description

Resolute Mining Limited engages in mining, exploration, development, operation, and production of gold properties in Africa, the United Kingdom, and Australia. The company's flagship project is the Syama Gold Mine located in Mali, West Africa. It also owns Mako Gold Mine in Senegal, West Africa. The company is also involved in the prospecting and exploration of minerals. Resolute Mining Limited was incorporated in 2001 and is based in Perth, Australia.

How the Company Makes Money

Resolute Mining generates revenue primarily through the sale of gold produced at its mining operations. The revenue model is based on extracting gold from its mines, processing it, and selling the refined product in the global market. Key revenue streams include direct sales of gold to bullion dealers and gold traders, as well as potential revenues from hedging strategies and gold-related financial instruments. The company may also engage in partnerships and joint ventures that can enhance its operational capabilities and market reach, potentially increasing earnings. Additionally, Resolute's focus on cost-effective mining operations and optimizing production efficiency plays a crucial role in its profitability.

Resolute Mining Financial Statement Overview

Summary

Mixed fundamentals: improving revenue/gross margin and lower debt, but profitability remains weak (negative net income/EBIT noted) and cash flow is a concern given the latest-period drop in operating cash flow.

Income Statement

The company has experienced inconsistent revenue growth, with a recent increase in total revenue but negative net income in the latest period. Gross profit margin improved over the past two years, indicating better cost management, but EBIT margin and net profit margin are concerning due to the negative net income and EBIT in the latest period.

Balance Sheet

Resolute Mining has managed to reduce its total debt significantly, improving its debt-to-equity ratio. However, the return on equity has been volatile and negatively impacted by recent losses. The equity ratio is relatively stable, suggesting a balanced approach to financing with equity.

Cash Flow

Cash flow from operations has fluctuated, with a concerning drop to zero in the latest period. Free cash flow showed a positive trend over the last two years, but the lack of operating cash flow is a risk. The company needs to focus on improving operational efficiency to boost cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.17B	800.97M	631.07M	651.13M	549.24M	602.99M
Gross Profit	321.02M	219.63M	113.34M	93.92M	46.57M	104.19M
EBITDA	222.56M	28.01M	109.91M	92.58M	-190.20M	15.48M
Net Income	43.40M	-28.30M	65.58M	-34.66M	-319.20M	15.94M
Balance Sheet
Total Assets	1.63B	819.56M	853.08M	868.79M	984.20M	1.42B
Cash, Cash Equivalents and Short-Term Investments	151.90M	69.27M	59.77M	80.87M	88.44M	124.59M
Total Debt	85.82M	43.79M	84.29M	141.03M	327.78M	359.78M
Total Liabilities	739.10M	336.34M	310.90M	397.30M	558.64M	609.85M
Stockholders Equity	960.53M	537.76M	590.15M	543.43M	495.63M	835.74M
Cash Flow
Free Cash Flow	60.70M	10.19M	34.77M	23.12M	-11.11M	-41.03M
Operating Cash Flow	73.02M	115.01M	106.45M	90.91M	45.11M	42.44M
Investing Cash Flow	-175.25M	-70.39M	-68.90M	15.17M	-25.07M	-52.98M
Financing Cash Flow	-6.00M	-36.52M	-57.35M	-97.84M	-49.49M	16.61M

Resolute Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RSG, the sentiment is Positive. The current price of 1.34 is above the 20-day moving average (MA) of 1.33, above the 50-day MA of 1.22, and above the 200-day MA of 0.87, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 53.64 is Neutral, neither overbought nor oversold. The STOCH value of 33.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:RSG.

Resolute Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	81 Outperform	AU$9.03B	10.87	28.58%	1.92%	36.34%	110.55%
RRL	78 Outperform	$6.18B	22.90	16.68%	0.65%	30.46%	―
WAF	73 Outperform	AU$3.99B	12.03	26.84%	―	23.87%	92.57%
PRU	73 Outperform	AU$7.69B	13.30	21.17%	1.32%	23.35%	15.96%
EMR	69 Neutral	AU$4.52B	51.27	14.25%	―	17.59%	0.98%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RSG	59 Neutral	AU$2.85B	157.06	1.55%	―	42.75%	-5.56%

Resolute Mining Corporate Events

Resolute Mining Confirms 2026 Gold Production and Cost Guidance

Resolute Mining has issued its Q4 2025 and full-year 2025 activities report, reaffirming previously disclosed Ore Reserve and Mineral Resource estimates and the underlying assumptions supporting them. The company also confirmed its 2026 production guidance at 250,000–275,000 ounces of gold at an all-in sustaining cost of $2,000–$2,200 per ounce, signalling a clear cost and output framework for investors while emphasising that performance data and pro-forma figures are illustrative and subject to operational and market risks.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Northern Trust Ceases to Be Substantial Holder in Resolute Mining

The Northern Trust Company has filed a notice stating it has ceased to be a substantial holder in Resolute Mining Ltd as of 16 January 2026, following changes in its relevant interests in the company’s fully paid ordinary shares. The change reflects adjustments across several Northern Trust entities, including Northern Trust Investments, Inc., Northern Trust Global Investments Limited and Northern Trust Asset Management Australia Pty Ltd, resulting in a reduction of their collective voting power below the substantial holding threshold, which may modestly alter Resolute Mining’s institutional shareholding base but does not directly affect the company’s operations.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Sets Webcast to Present Q4 2025 Results and 2026 Guidance

Resolute Mining Limited has scheduled a webcast and conference call for investors, analysts and media on 22 January 2026, where CEO Chris Eger will present and discuss the company’s Quarterly Activities Report for the period ended 31 December 2025 and provide guidance for 2026. Participants can access the event via an online webcast, which allows typed questions, or through a conference call facility for live Q&A, with supporting presentation materials to be made available on the company’s website, underscoring Resolute’s investor engagement and transparency around its operational performance and outlook.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$74.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Issues New Shares on Conversion of Performance Rights

Resolute Mining Limited has issued 7,721,600 fully paid ordinary shares following the conversion of performance rights, expanding its share capital without undertaking a separate disclosure to investors under the prospectus provisions of the Corporations Act. The company confirmed it remains in compliance with its financial reporting and continuous disclosure obligations, and stated there is no excluded information relevant to the new securities, signalling that the issuance is a routine capital markets and remuneration-related event with no undisclosed material impact for shareholders.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$74.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Seeks ASX Quotation for 7.7 Million New Shares

Resolute Mining Limited has applied to the ASX for quotation of 7,721,600 additional ordinary fully paid shares, expanding its quoted securities on the market. The new shares, issued on 8 January 2026 following the exercise or conversion of existing options or other convertible securities, modestly increase the company’s equity base and free float, with potential implications for shareholder dilution and daily trading liquidity.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$74.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Announces Expiry of 2.7 Million Performance Rights

Resolute Mining Limited has announced the cessation of 2,668,847 performance rights (ASX code RSGAU) following their expiry on 31 December 2025 without being exercised or converted. The lapse of these performance rights reduces the company’s pool of potential equity-linked securities, slightly simplifying its capital structure and potentially affecting the future dilution profile for existing shareholders.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$74.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

UBS Group AG Ceases to Be Substantial Shareholder in Resolute Mining

UBS Group AG and its related bodies corporate have ceased to be a substantial shareholder in Resolute Mining Limited as of 23 December 2025, according to a substantial holder notice lodged with the company. The change in UBS’s relevant interest signals a reduction in institutional ownership, which may alter the company’s shareholder mix and could be of interest to investors monitoring movements among major holders in the gold mining sector.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$74.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

State Street Corporation Ceases Substantial Holding in Resolute Mining

Resolute Mining Limited announced that State Street Corporation and its subsidiaries have ceased to be substantial holders of voting securities in the company as of December 16, 2025. This change reflects updates in their relevant interests and associations and may have implications for the company’s shareholder structure, potentially indicating shifts in institutional investor sentiment or management strategies.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$74.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Unveils Enhanced Feasibility for Doropo Gold Project

Resolute Mining Limited has announced an updated Definitive Feasibility Study (DFS) for its Doropo Gold Project in Côte d’Ivoire, highlighting a 55% increase in ore, extended mine life, and improved financial metrics. The project is expected to produce approximately 170,000 ounces of gold annually over 13 years, with significant financial returns and a competitive all-in sustaining cost. The updated DFS strengthens Resolute’s position as a diversified gold producer, with plans to increase annual production to over 500,000 ounces by 2028. The project is also anticipated to provide substantial benefits to local communities and the Ivorian government, including employment opportunities and financial contributions.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$1.35 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

S&P/ASX Indices Quarterly Rebalance: Key Changes Announced

S&P Dow Jones Indices has announced the quarterly rebalance of the S&P/ASX Indices, effective December 22, 2025. Notably, Resolute Mining Limited is among the companies added to the S&P/ASX 200 Index, which may enhance its visibility and attractiveness to investors. These changes reflect the dynamic nature of the market and could have significant implications for the companies involved, potentially affecting their market positioning and investor relations.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

State Street Corporation Ceases Substantial Holding in Resolute Mining

Resolute Mining Limited has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of December 3, 2025. This change in substantial holding could impact the company’s shareholder structure and influence in the market, potentially affecting its strategic decisions and stakeholder relationships.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

State Street Corporation Ceases Substantial Holding in Resolute Mining

Resolute Mining Limited has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of November 24, 2025. This change in substantial holding could impact the company’s shareholder composition and influence its market dynamics, potentially affecting investor perceptions and future strategic decisions.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

State Street Corporation Ceases Substantial Holding in Resolute Mining

Resolute Mining Limited has announced that State Street Corporation and its subsidiaries have ceased to be substantial holders in the company as of November 19, 2025. This change in substantial holding indicates a shift in the ownership structure, potentially impacting the company’s market dynamics and stakeholder interests.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Announces Change in Substantial Holding

Resolute Mining Limited has announced a change in substantial holding, indicating that State Street Corporation and its subsidiaries have ceased to be substantial holders as of November 17, 2025. This development could impact the company’s shareholder structure and influence future voting outcomes, potentially affecting strategic decisions and stakeholder interests.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Announces Significant Resource Expansion at La Debo Project

Resolute Mining Limited has announced an initial Mineral Resource Estimate at its La Debo Project in Côte d’Ivoire, revealing a 60% increase in contained gold to 643 koz. This expansion is attributed to successful exploration at the G3S prospect, with plans to extend mineralization and explore new permits in 2026. The company, which holds over 7 Moz of gold resources in the region, aims to further its growth strategy through ongoing exploration in Côte d’Ivoire and other African countries, positioning itself for long-term value creation.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Director Acquires Additional Shares

Resolute Mining Limited announced a change in the director’s interest, with Adrienne Parker acquiring 5,263 fully paid ordinary shares through an on-market trade. This change reflects a personal investment in the company by a key stakeholder, potentially indicating confidence in the company’s future performance.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

UBS Group AG Ceases Substantial Holding in Resolute Mining

Resolute Mining Limited has announced that UBS Group AG and its related bodies corporate have ceased to be substantial shareholders as of November 6, 2025. This change in shareholder status may impact Resolute Mining’s market dynamics and influence its shareholder structure, potentially affecting investor perceptions and the company’s strategic decisions.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Maintains Operations Amid Mali Uncertainty

Resolute Mining Limited reports that its Syama Mine in Mali is operating normally despite the unpredictable situation in the region. The company is addressing supply chain challenges by diversifying suppliers and logistics routes, ensuring the safety of employees and the community, and maintaining its operational permits.

The most recent analyst rating on (AU:RSG) stock is a Hold with a A$1.25 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.