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Resolute Mining Limited ( (AU:RSG) ) just unveiled an announcement.
In 2024, Resolute Mining Limited reported a robust operational and financial performance with a full-year gold production of 340,000 ounces, slightly below guidance due to lower-than-expected output at the Mako operation. The company faced increased costs due to changes in the Malian Mining Code, impacting the All-In Sustaining Costs (AISC), which rose to $1,476/oz. Despite these challenges, Resolute achieved a significant EBITDA increase to approximately $310 million, driven by higher gold prices and effective cash flow management. Looking ahead, the company provided guidance for 2025, forecasting lower production levels due to the cessation of open-pit mining at Mako and a strategic focus on stockpile processing. Resolute remains committed to its operations in Mali amidst a challenging political landscape and aims to extend the mine life of Mako through satellite resources, while continuing to explore opportunities in other regions.
More about Resolute Mining Limited
Resolute Mining Limited is an Australian-based gold mining company with operations primarily focused on the production of gold. The company is listed on both the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG. Resolute Mining has significant mining operations in Africa, specifically in Mali and Senegal, and is involved in exploration projects in Guinea and the Ivory Coast.
YTD Price Performance: 16.36%
Average Trading Volume: 23,089
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $537.4M
Find detailed analytics on RSG stock on TipRanks’ Stock Analysis page.
