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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 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.34B | 800.97M | 631.07M | 651.13M | 549.24M |
| Gross Profit | 455.79M | 219.63M | 113.34M | 93.92M | 46.57M |
| EBITDA | 533.80M | 28.01M | 109.91M | 92.58M | -190.20M |
| Net Income | 171.21M | -28.30M | 65.58M | -34.66M | -319.20M |
Balance Sheet | |||||
| Total Assets | 1.72B | 819.56M | 853.08M | 868.79M | 984.20M |
| Cash, Cash Equivalents and Short-Term Investments | 246.08M | 69.27M | 59.77M | 80.87M | 88.44M |
| Total Debt | 311.76M | 43.79M | 84.29M | 141.03M | 327.78M |
| Total Liabilities | 746.49M | 336.34M | 310.90M | 397.30M | 558.64M |
| Stockholders Equity | 1.05B | 537.76M | 590.15M | 543.43M | 495.63M |
Cash Flow | |||||
| Free Cash Flow | 214.02M | 10.19M | 34.77M | 23.12M | -11.11M |
| Operating Cash Flow | 351.42M | 115.01M | 106.45M | 90.91M | 45.11M |
| Investing Cash Flow | -333.89M | -70.39M | -68.90M | 15.17M | -25.07M |
| Financing Cash Flow | -24.50M | -36.52M | -57.35M | -97.84M | -49.49M |
Resolute Mining Technical Analysis
Resolute Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$6.42B | 4.43 | 16.68% | 0.65% | 30.46% | ― | |
75 Outperform | AU$8.14B | -160.00 | 28.58% | 1.92% | 36.34% | 110.55% | |
73 Outperform | $3.60B | 7.01 | 26.84% | ― | 23.87% | 92.57% | |
73 Outperform | AU$7.54B | 7.69 | 21.17% | 1.32% | 23.35% | 15.96% | |
72 Outperform | AU$3.09B | 15.30 | 1.55% | ― | 42.75% | -5.56% | |
69 Neutral | $4.13B | 14.26 | 14.25% | ― | 17.59% | 0.98% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Resolute Mining Corporate Events
Resolute Mining posted a sharp turnaround for the year to 31 December 2025, lifting revenue 8% to $865.6 million and swinging from a $26.0 million loss to a $126.7 million net profit, as EBITDA rose to $391.6 million. The improvement was driven by higher realised gold prices of $3,338 per ounce, reduced operating costs at Syama and Mako, and significantly lower indirect tax expenses following one‑off Protocol settlement payments to Mali in 2024.
Operating cash flow nearly doubled to $226.6 million, underpinning a much stronger balance sheet with net cash increasing to $209.1 million despite total borrowings of $57.8 million from overdraft facilities. A $31.5 million fair value gain linked to the agreed sale of its Loncor Gold stake also supported earnings, although the company did not declare a final dividend, signalling a continued focus on reinvestment and financial resilience.
The most recent analyst rating on (AU:RSG) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.
Resolute Mining used its materials for the 2026 BMO Global Metals, Mining & Critical Minerals Conference to reaffirm key operational metrics and reporting standards. The company highlighted that its mineral resource and ore reserve estimates remain unchanged from prior disclosures and continue to comply with JORC requirements, while production targets and assumptions disclosed in earlier reports are still valid.
Management reiterated that All-in Sustaining Cost and cash cost per ounce are non-IFRS measures provided to help investors assess performance. For 2026, Resolute is guiding gold production of 250,000 to 275,000 ounces at an AISC of $2,000 to $2,200 per ounce, underscoring the cost environment facing the business and providing investors with a benchmark for expected operational performance.
The most recent analyst rating on (AU:RSG) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.
Approval of the Doropo Gold Project mining permit in Côte d’Ivoire secures the last major governmental hurdle, granting a 14-year term over 400 km² and allowing Resolute to advance toward construction in H1 2026 and first gold in H1 2028, reinforcing plans to fund development from its balance sheet. Management highlighted strong DFS economics and sees Doropo as pivotal to expanding production, diversification, and value creation across the region, with the final investment decision expected soon and implications for shareholder value and regional growth.
The most recent analyst rating on (AU:RSG) stock is a Buy 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 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.
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 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 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 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 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 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.
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 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 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.
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.