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Resolute Mining Limited (AU:RSG)
ASX:RSG

Resolute Mining (RSG) AI Stock Analysis

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AU:RSG

Resolute Mining

(Sydney:RSG)

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Neutral 62 (OpenAI - 5.2)
Rating:62Neutral
Price Target:
AU$1.50
▲(12.78% Upside)
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
Strong recent production and cash generation
Sustained quarterly production and sizable operating cash flow strengthen the company’s ability to self-fund growth and capex. Persistent cash generation improves financial flexibility, reduces refinancing risk, and supports execution of long-term development and conversion projects.
Growth via strategic acquisitions
The Doropo and ABC acquisitions expand the resource base and geographic footprint, providing scale optionality. If integrated effectively, they materially increase production upside, diversify asset mix and support a multi-year plan to raise group output toward targeted long-term volumes.
Improved leverage through debt reduction
Lower debt levels enhance balance sheet resilience, reduce interest and refinancing exposure, and increase capacity to pursue brownfield and greenfield projects. Improved leverage supports capital allocation flexibility across cycles and strengthens investor confidence in sustainability.
Negative Factors
Operating cash flow volatility and liquidity risk
Volatile or absent operating cash flow undermines the company’s ability to fund working capital, development projects, and sustain investment through commodity cycles. Reliance on episodic high gold prices to generate cash raises execution and refinancing risk over the medium term.
Security and supply-chain risks at Syama (Mali)
Country-level security and logistics disruptions materially raise unit costs and production uncertainty. Persistent security challenges can delay projects, restrict access to reserves, and force higher contingency spending, weakening margin sustainability and long-term reserve conversion in that jurisdiction.
Permitting and political risk for Doropo project
Regulatory and election-driven permitting delays can push back project development timelines and capital returns, increasing carrying costs and execution risk. Prolonged approvals reduce predictability of production ramp-up and threaten the timeline to reach the company’s medium-term production targets.

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 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 Earnings Call Summary

Earnings Call Date:Aug 21, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Feb 20, 2026
Earnings Call Sentiment Positive
The earnings call presented a robust financial and operational performance with strong production figures, strategic acquisitions, and promising project developments. However, challenges such as supply chain issues in Mali and permitting concerns in Côte d'Ivoire present notable risks. Despite these challenges, the overall performance and strategic direction are positive.
Q2-2025 Updates
Positive Updates
Strong Production and Cash Flow
Resolute Mining reported a very healthy production of 75,962 ounces in Q2, similar to Q1, with a strong cash flow ending the quarter with a net cash position of just above $110 million.
Acquisition of Doropo & ABC Projects
Resolute Mining acquired the Doropo & ABC projects from AngloGold Ashanti, which is expected to transform Resolute into a premier mining business in Africa.
Mako Operation Performance
Mako operation in Senegal had a strong quarter with production of about 35,000 ounces at an AISC of $972, exceeding expectations.
Financial Performance
The company exceeded expectations with a quarterly operating cash flow of $85 million, driven by $263 million in revenue and supported by 80,000 ounces of gold sales at a high gold price of over $3,400 per ounce.
Syama Sulphide Conversion Project
The SSCP at Syama is well on track, with commissioning of key equipment planned for the second half of the year and next year, creating greater operational flexibility.
Negative Updates
Challenges in Mali
Syama operation in Mali faced challenges with explosive supply chain issues due to security challenges, impacting production volumes and increasing AISC.
Permitting Concerns
Permitting process for the Doropo project is a concern as it is outside the company's control, with delays expected due to upcoming elections in Côte d'Ivoire.
Working Capital and VAT Outflows
VAT outflows for the first half totaled $32 million across both Mali and Senegal, remaining a source of cash leakage despite positive discussions with local governments.
Company Guidance
During Resolute Mining's Q2 call, CEO Christopher Eger highlighted several key metrics and developments. The company reported a strong quarter with production of 75,962 ounces of gold at an all-in sustaining cost (AISC) of $1,668 per ounce, maintaining a net cash position of over $110 million. The company also acquired the Doropo & ABC projects, aiming to increase production to over 500,000 ounces by 2028. In Mali, the Syama mine produced 41,000 ounces at an AISC of $2,134, facing challenges due to explosive supply chain issues. Meanwhile, the Mako operation in Senegal performed strongly, producing approximately 35,000 ounces at an AISC of $972. The company also made progress on the Syama Sulphide Conversion Project, spending around $30 million this year. Financially, the group achieved $85 million in operating cash flow, driven by $263 million in revenue and sales of 80,000 ounces at an all-time high gold price of over $3,400 per ounce. Overall, Resolute Mining is on track to meet its full-year production and cost guidance, with continued strong cash flow and strategic growth initiatives in West Africa.

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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.17B800.97M631.07M651.13M549.24M602.99M
Gross Profit321.02M219.63M113.34M93.92M46.57M104.19M
EBITDA222.56M28.01M109.91M92.58M-190.20M15.48M
Net Income43.40M-28.30M65.58M-34.66M-319.20M15.94M
Balance Sheet
Total Assets1.63B819.56M853.08M868.79M984.20M1.42B
Cash, Cash Equivalents and Short-Term Investments151.90M69.27M59.77M80.87M88.44M124.59M
Total Debt85.82M43.79M84.29M141.03M327.78M359.78M
Total Liabilities739.10M336.34M310.90M397.30M558.64M609.85M
Stockholders Equity960.53M537.76M590.15M543.43M495.63M835.74M
Cash Flow
Free Cash Flow60.70M10.19M34.77M23.12M-11.11M-41.03M
Operating Cash Flow73.02M115.01M106.45M90.91M45.11M42.44M
Investing Cash Flow-175.25M-70.39M-68.90M15.17M-25.07M-52.98M
Financing Cash Flow-6.00M-36.52M-57.35M-97.84M-49.49M16.61M

Resolute Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.33
Price Trends
50DMA
1.10
Positive
100DMA
1.02
Positive
200DMA
0.80
Positive
Market Momentum
MACD
0.06
Negative
RSI
68.79
Neutral
STOCH
82.34
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 1.33 is above the 20-day moving average (MA) of 1.23, above the 50-day MA of 1.10, and above the 200-day MA of 0.80, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 68.79 is Neutral, neither overbought nor oversold. The STOCH value of 82.34 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
AU$7.90B14.2321.17%1.32%23.35%15.96%
78
Outperform
AU$5.87B23.0816.68%0.65%30.46%
76
Outperform
AU$8.45B10.8228.58%1.92%36.34%110.55%
73
Outperform
$4.17B49.4814.25%17.59%0.98%
67
Neutral
AU$3.75B11.7526.84%23.87%92.57%
62
Neutral
AU$2.77B156.471.55%42.75%-5.56%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:RSG
Resolute Mining
1.31
0.91
223.46%
AU:PRU
Perseus Mining
5.96
3.30
124.40%
AU:WAF
West African Resources Ltd
3.44
1.85
116.35%
AU:EMR
Emerald Resources NL
6.65
3.24
95.01%
AU:RRL
Regis Resources Limited
7.76
4.89
170.29%
AU:RMS
Ramelius Resources Limited
4.51
2.36
109.87%

Resolute Mining Corporate Events

Resolute Mining Issues New Shares on Conversion of Performance Rights
Jan 8, 2026

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
Jan 8, 2026

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
Jan 8, 2026

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
Dec 29, 2025

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
Dec 18, 2025

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
Dec 14, 2025

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
Dec 5, 2025

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
Dec 5, 2025

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
Nov 26, 2025

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
Nov 21, 2025

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
Nov 19, 2025

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
Nov 17, 2025

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
Nov 14, 2025

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
Nov 10, 2025

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
Nov 4, 2025

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.

Resolute Mining Projects Stable Gold Production for 2025
Oct 27, 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).

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
Oct 27, 2025

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.

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 to Host Q3 2025 Conference Call
Oct 21, 2025

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.

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 Supports Loncor Gold Acquisition to Boost Strategic Growth
Oct 14, 2025

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.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$1.33 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 Holding
Oct 14, 2025

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.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$1.33 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 Holder
Oct 14, 2025

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.

The most recent analyst rating on (AU:RSG) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Resolute Mining stock, see the AU:RSG Stock Forecast page.

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: Nov 26, 2025