Resolute Mining (RSG) AI Stock Analysis

• Market Cap: AU$2.73B
• Dividend Yield: N/A
• Average Volume (3M): 12.50M
• Price to Earnings (P/E): 151.8
• Beta (1Y): 1.43
• 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: 2,129,696,000
• 10 Day Avg. Volume: 17,430,185
• 30 Day Avg. Volume: 12,499,751
• PEG Ratio: 0.13
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.65
• P/FCF Ratio: 51.04
• 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$1.62
• Price Target Upside: 25.58% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 0.11
• Revenue Forecast (FY): AU$1.36B

• Rating: 62 Neutral
• Price Target: AU$1.00 ▼(-22.48% Downside)

Resolute Mining's overall stock score is driven by a robust earnings call that highlights strong production and strategic growth initiatives. However, financial performance is mixed with significant liquidity issues and profitability challenges. Technical analysis shows short-term strength, but valuation concerns persist with a high P/E ratio and no dividend yield.

Positive Factors

Strategic Acquisitions

The acquisition of Doropo & ABC projects is expected to enhance Resolute's production capabilities and market position in Africa, supporting long-term growth and competitiveness in the gold mining industry.

Strong Cash Flow

Strong cash flow generation indicates robust operational efficiency and financial health, providing the company with the flexibility to invest in growth opportunities and manage debt effectively.

Production Efficiency

Efficient production at the Mako operation highlights Resolute's ability to manage costs and maintain profitability, contributing to the company's overall financial stability and competitive advantage.

Negative Factors

Supply Chain Challenges

Supply chain disruptions in Mali can lead to increased costs and production delays, potentially impacting the company's ability to meet production targets and maintain profitability.

Permitting Delays

Delays in the permitting process for new projects can hinder expansion plans and delay revenue generation, affecting the company's growth trajectory and strategic objectives.

Cash Leakage from VAT Outflows

Significant VAT outflows represent a cash leakage issue, reducing available capital for investment and operations, which could strain financial resources if not addressed.

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

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

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: 1.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 1.29 is above the 20-day moving average (MA) of 1.14, above the 50-day MA of 1.07, and above the 200-day MA of 0.76, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 72.06 is Negative, neither overbought nor oversold. The STOCH value of 94.28 is Negative, 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
PRU	79 Outperform	C$7.78B	13.59	21.17%	1.30%	23.35%	15.96%
RRL	78 Outperform	AU$5.84B	22.87	16.68%	0.65%	30.46%	―
RMS	76 Outperform	AU$8.03B	10.14	28.58%	1.92%	36.34%	110.55%
EMR	73 Outperform	$4.27B	48.43	14.25%	―	17.59%	0.98%
WAF	67 Neutral	AU$3.50B	10.92	26.84%	―	23.87%	92.57%
RSG	62 Neutral	AU$2.73B	151.76	1.55%	―	42.75%	-5.56%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Resolute Mining Corporate Events

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.

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.

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.

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.

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.

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.

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.

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.

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.

Resolute Mining Projects Stable Gold Production for 2025

Resolute Mining Limited has released its Q3 2025 activities report, outlining its production guidance for the year. The company projects a production of 275,000 to 300,000 ounces of gold at an All-in Sustaining Cost (AISC) of $1,650 to $1,750 per ounce. This announcement reflects Resolute’s ongoing efforts to maintain its operational efficiency and cost management in the gold mining sector. The report also reaffirms the company’s commitment to transparency and compliance with the Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code).

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 October 23, 2025. This development may impact the company’s shareholder structure and influence its market dynamics, potentially affecting investor sentiment and future corporate governance.

Resolute Mining to Host Q3 2025 Conference Call

Resolute Mining Limited announced that its CEO, Chris Eger, will host a conference call on October 28, 2025, to discuss the company’s quarterly activities report for the period ending September 30, 2025. This event will provide investors, analysts, and media with insights into the company’s recent performance and strategic direction, potentially impacting its market positioning and stakeholder engagement.

Resolute Mining Supports Loncor Gold Acquisition to Boost Strategic Growth

Resolute Mining has announced its support for the acquisition of Loncor Gold Inc by Chengtun Mining Group, in a transaction valued at approximately US$31 million for Resolute’s shares. This move is expected to bolster Resolute’s financial position and aid in advancing its strategic growth initiatives in its African gold portfolio.

Resolute Mining Sees Change in Substantial Holding

Resolute Mining announced that First Sentier Investors RQI Pty Ltd has ceased to be a substantial holder in the company as of October 9, 2025. This change in substantial holding could impact Resolute Mining’s shareholder dynamics and influence its market perception, as it involves a significant shift in voting securities and associations with key financial entities.

Resolute Mining Announces Change in Substantial Holder

Resolute Mining Limited, a company involved in the mining industry, has announced a change in its substantial holders. Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder of Resolute Mining Limited as of October 14, 2025. This change in holding is due to the purchase of securities by an entity controlled by Morgan Stanley, affecting a significant number of fully paid ordinary shares. This development may impact Resolute Mining’s market dynamics and stakeholder interests, as changes in substantial holders can influence company strategies and investor confidence.

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 October 9, 2025. This change in substantial holding could potentially impact the company’s shareholder structure and influence in the market, as State Street’s exit might alter the dynamics of voting securities and stakeholder interests.

Resolute Mining Projects 2025 Gold Production Targets

Resolute Mining Limited has released its production guidance for 2025, projecting an output of 275,000 to 300,000 ounces of gold at an All-in Sustaining Cost (AISC) of $1,650 to $1,750 per ounce. This announcement underscores the company’s strategic focus on maintaining cost-effective production levels, which is crucial for its competitive positioning in the gold mining sector. The guidance reflects the company’s ongoing efforts to manage operational risks and optimize financial performance, providing stakeholders with insights into expected operational outcomes.

Resolute Mining Boosts Doropo Gold Project Resources by 28%

Resolute Mining Limited has announced an updated Mineral Resource Estimate for the Doropo Gold Project in Côte d’Ivoire, showing a 28% increase to 4.4 million ounces of gold. This significant increase is expected to extend the mine life by at least five years and enhance Resolute’s production capacity, positioning the company for growth in the West African mining sector. The company is updating its Definitive Feasibility Study and Ore Reserves, with expectations to maintain a production profile of over 200,000 ounces per year in the initial years of production.