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Resolute Mining Limited (AU:RSG)
ASX:RSG
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Resolute Mining (RSG) AI Stock Analysis

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AU

Resolute Mining

(Sydney:RSG)

Rating:60Neutral
Price Target:
AU$0.50
▼(-24.24%Downside)
The overall stock score reflects a balanced view of Resolute Mining Limited. The technical analysis shows positive momentum, which is the most significant factor. However, mixed financial performance with profitability challenges and valuation concerns due to a negative P/E ratio are key risks. The earnings call provides a cautiously optimistic outlook with growth potential, but geopolitical challenges in Mali add uncertainty.

Resolute Mining (RSG) vs. iShares MSCI Australia ETF (EWA)

Resolute Mining Business Overview & Revenue Model

Company DescriptionResolute 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 MoneyResolute Mining makes money through the exploration, extraction, and sale of gold from its mining operations. Its key revenue streams include the sale of gold produced from its mines, typically done through direct sales to gold refineries or trading companies. Significant factors contributing to its earnings include operational efficiencies, resource management, and strategic investments in exploration to expand its mineral reserves. The company may also engage in joint ventures or partnerships to optimize its mining operations and share risks associated with large-scale projects.

Resolute Mining Earnings Call Summary

Earnings Call Date:Feb 27, 2025
(Q4-2024)
|
% Change Since: 78.38%|
Next Earnings Date:Aug 28, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted strong financial performance and stable operations, with significant growth opportunities identified through exploration. However, challenges in Mali, increased costs, and production misses balance these positives. The Mako mine's decreasing production and uncertainty with the Mali government add to the cautious outlook.
Q4-2024 Updates
Positive Updates
Strong Financial Performance
Revenue increased by 27% from 2023, with EBITDA nearly doubling to $311 million for 2024. Operating cash flow was $250 million, marking a significant increase from $140 million in 2023.
Stable Operations and Growth Opportunities
Production of 336,000 ounces of gold was achieved, with stable operations generating significant cash flow. The company ended the year with $101 million in cash and bullion, providing a strong net cash position of $66 million.
Successful Exploration Efforts
Significant wins in exploration were noted, with a maiden resource in Guinea of over 340,000 ounces and a joint venture in Ivory Coast, showing potential for future growth.
Syama Sulphide Conversion Project on Track
The project remains on budget and on track, with no supply chain issues despite challenges in Mali. Key procurements and construction milestones were achieved in 2024.
Negative Updates
Challenges in Mali and Increased Costs
The company faced significant challenges in Mali, including detainments of executives and a $160 million payment to settle government claims. The new mining code is expected to increase all-in sustaining costs by $250 per ounce.
Production and Cost Guidance Misses
Production was slightly below guidance at 336,000 ounces due to lower output from Mako. All-in sustaining costs were higher than expected, largely due to increased royalty rates in Mali.
Mako Mine Transition
The Mako mine is nearing the end of its life with the existing ore body, and production is expected to decrease significantly in 2025 as the operation transitions to processing stockpiles.
Delays and Uncertainty with Mali Government
There are ongoing delays in finalizing the implementation of the new mining code with the Mali government, which could impact future operations and costs.
Company Guidance
During the call, the company provided guidance for 2025, outlining its operational and financial expectations. Key metrics included a 2025 production forecast of 275,000 to 300,000 ounces of gold, with an all-in sustaining cost (AISC) ranging from $1,650 to $1,750 per ounce. Despite an increase in AISC due to a new mining code in Mali, the company anticipates generating substantial free cash flow of over $100 million at current gold prices. The guidance highlighted a focus on maximizing cash flow by completing the processing of oxides at Syama before transitioning fully to sulphide operations. Capital expenditures for 2025 are expected to include $30 million related to the Syama sulphide conversion project (SSCP) and ongoing waste stripping costs. The company also plans significant exploration spending in Ivory Coast and Senegal, with an aim to extend its asset life and explore new opportunities.

Resolute Mining Financial Statement Overview

Summary
Resolute Mining Limited shows a mixed financial performance. Revenue and gross profit have improved, but profitability remains a challenge. While debt levels have decreased, liquidity issues persist, with zero operating cash flow in the latest period. The company must address profitability and cash flow generation to stabilize its financial position.
Income Statement
55
Neutral
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
60
Neutral
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
50
Neutral
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue800.97M631.07M651.13M549.24M602.99M
Gross Profit219.63M113.34M93.92M46.57M104.19M
EBITDA28.01M109.91M99.29M-190.20M276.75M
Net Income-28.30M65.58M-34.66M-367.47M-36.48M
Balance Sheet
Total Assets819.56M853.08M868.79M984.20M1.42B
Cash, Cash Equivalents and Short-Term Investments69.27M59.77M80.87M88.44M124.59M
Total Debt43.79M84.29M141.03M327.78M359.78M
Total Liabilities336.34M310.90M397.30M558.64M609.85M
Stockholders Equity537.76M590.15M543.43M495.63M835.74M
Cash Flow
Free Cash Flow10.19M34.77M23.12M-11.11M-41.03M
Operating Cash Flow115.01M106.45M90.91M45.11M42.44M
Investing Cash Flow-70.39M-68.90M15.17M-25.07M-52.98M
Financing Cash Flow-36.52M-57.35M-97.84M-49.49M16.61M

Resolute Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.66
Price Trends
50DMA
0.62
Positive
100DMA
0.53
Positive
200DMA
0.52
Positive
Market Momentum
MACD
0.01
Positive
RSI
54.41
Neutral
STOCH
50.00
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 0.66 is above the 20-day moving average (MA) of 0.64, above the 50-day MA of 0.62, and above the 200-day MA of 0.52, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.41 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 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

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AURSG
60
Neutral
$1.39B41.67-5.02%27.79%-144.05%
44
Neutral
AU$1.45B-6.10-40.74%3.85%-3.45%-41.76%
TSPRU
C$4.35B8.9922.80%1.42%
$1.71B10.7521.73%
$1.61B25.8218.72%
$2.20B-0.38%
$1.89B8.1026.42%1.17%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:RSG
Resolute Mining
0.66
0.03
3.97%
TSE:PRU
Perseus Mining
3.20
0.82
34.45%
WFRSF
West African Resources Ltd
1.47
0.57
63.33%
EOGSF
Emerald Resources NL
2.52
0.07
2.86%
RGRNF
Regis Resources Limited
2.96
1.68
131.25%
RMLRF
Ramelius Resources Limited
1.63
0.34
26.36%

Resolute Mining Corporate Events

Citigroup Ceases to be Substantial Holder in Resolute Mining
Jul 4, 2025

Resolute Mining Ltd, a company listed on the stock market, has experienced a change in its substantial shareholders. Citigroup Global Markets Australia Pty Limited, along with its related corporate bodies, has ceased to be a substantial holder in Resolute Mining Ltd as of July 2, 2025. This change reflects a decrease in Citigroup’s relevant interest in the company’s shares, specifically due to securities lending agreements. This development may impact Resolute Mining’s market dynamics and shareholder structure, potentially influencing its future operations and stakeholder engagements.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Goldman Sachs Ceases Substantial Shareholding in Resolute Mining
Jul 3, 2025

The Goldman Sachs Group, Inc. has ceased to be a substantial shareholder in Resolute Mining Limited as of July 1, 2025. This change in shareholding could impact Resolute Mining’s market dynamics and investor relations, as Goldman Sachs’ involvement often signifies a level of financial endorsement and stability.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Citigroup Becomes Substantial Shareholder in Resolute Mining
Jul 3, 2025

Resolute Mining Ltd has announced that Citigroup Global Markets Australia Pty Limited, along with its related corporate bodies, has become a substantial shareholder in the company as of July 1, 2025. Citigroup now holds a 7.3610% voting power in Resolute Mining, indicating a significant stake in the company’s ordinary fully paid shares. This development could impact Resolute Mining’s operations and market positioning, as Citigroup’s involvement may influence strategic decisions and shareholder dynamics.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Helikon Investments Acquires Substantial Stake in Resolute Mining
Jul 2, 2025

Helikon Investments Limited has become a substantial holder in Resolute Mining Limited, acquiring a 6.9179% voting power through 147,286,546 fully paid ordinary shares. This acquisition indicates a significant investment by Helikon, potentially impacting Resolute Mining’s shareholder dynamics and market perception.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 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 Holdings
Jul 1, 2025

Resolute Mining Limited has announced a change in substantial holdings, indicating that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder. This change is due to the purchase of securities by an entity controlled by Morgan Stanley, impacting the voting securities of the company.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Acquires Substantial Holding in Mitsubishi UFJ Financial Group
Jun 30, 2025

Resolute Mining Ltd has become a substantial holder in Mitsubishi UFJ Financial Group, Inc., a significant player in the financial services industry. This development indicates Resolute Mining’s strategic interest in Mitsubishi UFJ Financial Group, which holds considerable voting power in entities like Morgan Stanley and First Sentier Investors Holdings Pty Limited. The acquisition of these shares could impact Resolute Mining’s market positioning and influence within the financial sector.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Sees Change in Substantial Holders
Jun 30, 2025

Resolute Mining has announced that First Sentier Investors and its associated entities have ceased to be substantial holders in the company as of June 26, 2025. This change in substantial holding could impact Resolute Mining’s shareholder dynamics and influence its market strategies, as the company adjusts to the altered investment landscape.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Sees Shift in Shareholder Structure
Jun 27, 2025

Resolute Mining has announced a significant change in its shareholder structure, with First Sentier Investors Holdings Pty Limited and its subsidiaries acquiring a substantial voting power in the company. This development, effective from June 25, 2025, signifies a strategic move by Mitsubishi UFJ Financial Group, Inc., the ultimate parent of First Sentier, to consolidate its influence in Resolute Mining, potentially impacting the company’s future governance and strategic direction.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

State Street Corporation Becomes Substantial Holder in Resolute Mining
Jun 20, 2025

Resolute Mining has announced that State Street Corporation and its subsidiaries have become substantial holders in the company as of June 18, 2025. This development indicates a significant shift in the voting power and potential influence over Resolute Mining’s strategic decisions, as State Street Corporation now holds a substantial number of shares, which could impact the company’s future operations and market positioning.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Citigroup Becomes Substantial Shareholder in Resolute Mining
Jun 19, 2025

Resolute Mining Ltd has announced that Citigroup Global Markets Australia Pty Limited, along with its related corporate bodies, has become a substantial shareholder in the company as of June 17, 2025. Citigroup now holds a 7.1811% voting power in Resolute Mining, with a total of 152,888,840 ordinary fully paid shares. This development indicates a significant investment by Citigroup in Resolute Mining, which could impact the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Appoints New COO to Drive Operational Growth
Jun 11, 2025

Resolute Mining has announced the appointment of Gavin Harris as the new Chief Operating Officer, effective from July 1, 2025, following Geoff Montgomery’s decision to step down. Harris brings over 20 years of experience in mining, having held senior roles at notable companies and projects, including the Sukari Gold Mine, where he achieved significant production and cost efficiency milestones. His expertise is expected to drive Resolute’s operational growth and efficiency, particularly at the Syama and Mako mines and the upcoming Doropo project.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Upholds High Corporate Governance Standards
May 26, 2025

Resolute Mining Limited has adopted the Fourth Edition of the Corporate Governance Principles and Recommendations by the ASX Corporate Governance Council, confirming adherence for the financial year ended 31 December 2024. The company emphasizes transparency, accountability, and a commitment to diversity and inclusion, with specific gender diversity targets set for 2025. The governance statement highlights the company’s strategic direction, risk management, and commitment to eliminating the gender pay gap.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Goldman Sachs Acquires Substantial Stake in Resolute Mining
May 15, 2025

Goldman Sachs Group, Inc. has become a substantial shareholder in Resolute Mining Limited, holding a 5.1608% voting power through various subsidiaries. This acquisition signifies a notable investment in the mining sector, potentially impacting Resolute Mining’s operations and market positioning by aligning with a major financial institution, which could influence stakeholder confidence and future strategic decisions.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Resolute Mining Limited Hosts 2025 AGM with Focus on Shareholder Engagement
May 15, 2025

Resolute Mining Limited held its 2025 Annual General Meeting, chaired by Andrew Wray, with key company executives and shareholders in attendance. The meeting included introductions of directors and executives, discussions on voting procedures, and plans to release poll results to the Australian Securities Exchange, highlighting the company’s commitment to transparency and shareholder engagement.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$1.55 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

Van Eck Associates Reduces Stake in Resolute Mining
May 9, 2025

Van Eck Associates Corporation has reduced its substantial holding in Resolute Mining Limited, decreasing its voting power from 8.13% to 7.12%. This change in shareholding could impact Resolute Mining’s stakeholder dynamics and influence within the company, as Van Eck adjusts its investment strategy.

Resolute Mining Expands with Côte d’Ivoire Project Acquisitions
Apr 30, 2025

Resolute Mining Limited announced the acquisition of the Doropo and ABC projects in Côte d’Ivoire, which are expected to enhance its gold production capabilities. This strategic move aligns with Resolute’s growth objectives and could potentially strengthen its market position in Africa. The company has set a production guidance for 2025 of 275,000 to 300,000 ounces of gold at an All-in Sustaining Cost (AISC) of $1,650 to $1,750 per ounce, indicating a focus on maintaining cost efficiency while expanding operations.

Resolute Mining Expands Portfolio with Côte d’Ivoire Gold Projects Acquisition
Apr 30, 2025

Resolute Mining Limited has announced the acquisition of the Doropo and ABC Gold Projects in Côte d’Ivoire from AngloGold Ashanti for $150 million. This strategic acquisition is expected to enhance Resolute’s portfolio by adding a high-quality, near-term production asset in a stable mining jurisdiction. The Doropo Project, which is at the definitive feasibility study stage, is anticipated to significantly boost Resolute’s annual gold production to over 500,000 ounces, complementing its existing operations. The acquisition is seen as a pivotal move to diversify and strengthen Resolute’s production profile, with the company planning to optimize and de-risk the project further. The development of Doropo is expected to be funded through existing liquidity and external debt facilities, with first production slated for mid-2028. This move aligns with Resolute’s strategy to grow as a leading gold producer in Africa, offering substantial value creation for stakeholders.

UBS Group AG Ceases to be Substantial Shareholder in Resolute Mining Limited
Apr 24, 2025

UBS Group AG and its related bodies corporate have ceased to be substantial shareholders of Resolute Mining Limited as of April 22, 2025. This change in shareholding could impact the company’s shareholder structure and influence its market dynamics, potentially affecting its operations and stakeholder interests.

Resolute Mining Confirms 2025 Gold Production and Cost Targets
Apr 23, 2025

Resolute Mining Limited has released its Q1 2025 Activities Report, confirming its production guidance for 2025 to be between 275,000 and 300,000 ounces of gold at an All-in Sustaining Cost (AISC) of $1,650-1,750 per ounce. This announcement reaffirms the company’s operational targets and cost management strategies, which are crucial for maintaining its competitive position in the gold mining industry. The report also highlights that all material assumptions and technical parameters underpinning the estimates of ore reserves and mineral resources remain unchanged, ensuring stakeholders of the stability and reliability of its resource estimates.

Resolute Mining Reports Strong Q1 2025 Performance and Strategic Progress
Apr 23, 2025

Resolute Mining Limited reported a strong start to 2025 with a decrease in total recordable injury frequency rate and robust cash flow generation, despite a slight decline in gold production. The company maintained its production and cost guidance, with significant progress in the Syama sulphide conversion project in Mali and promising exploration results from the Bantaco site in Senegal. Resolute’s financial position remains solid with increased net cash and ongoing efforts to create shareholder value through geographical diversification and exploration activities.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 09, 2025