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Resolute Mining (ASX:RSG) has an average rating of buy and mean price target of AU$2.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Resolute Mining (ASX:RSG) reported group gold production of 45,192 ounces in the second quarter ended June 30, at an all-in sustaining cost (AISC) of $2,484 per ounce, according to a Thursday filing with the Australian bourse.Gold sales for the quarter were 54,599 ounces at an average realized price of $4,526 per ounce.The company produced 75,962 ounces of gold at an AISC of $1,668 per ounce and sold 80,797 ounces of gold at an average sales price of $3,261 an ounce during the June 2025 quarter, an earlier filing showed.The company said production remains on track to reach the lower end of its 2026 guidance range of 250,000 to 275,000 ounces, while it continues to expect AISC of $2,000 to $2,200 per ounce and capital expenditures of $310 million to $360 million.
Resolute Mining (ASX:RSG) delivered an expanded inferred mineral resource estimate of 133 million tonnes grading 0.71 grams per tonne grade of gold for 3 million ounces for its ABC project in the Ivory Coast, according to a Wednesday filing with the Australian bourse.Most of the updated mineral resource is located within 250 meters of surface, with both the Kona South and Kona Central deposits remaining open along strike and at depth, the filing said.A planned work program aims to drill out the deposits and advance feasibility studies and mining applications by the end of 2027, per the filing.
Resolute Mining (ASX:RSG) expects to receive full repayment of a vendor financing promissory note, in the amount of AU$77 million, related to the sale of the Ravenswood gold mine in Queensland by the end of June, according to a Thursday filing with the Australian bourse.The promissory note is part of the consideration that was agreed in connection with the company's sale of Ravenswood in 2020, per the filing.
Shares of Ora Banda Mining (ASX:OBM) fell 6% in recent trading on Wednesday, while those of Resolute Mining (ASX:RSG) fell 4% after gold declined for a second day.Spot gold fell over 1% to under $4,070 per ounce as investors reacted to the recent hawkish tone from the US Federal Reserve.Newmont's (ASX:NEM) shares fell 2%.
Here are the ASX-listed companies with the biggest losses on Wednesday.Predictive Discovery (ASX:PDI): -8%, AU$0.86Beach Energy (ASX:BPT): -7%, AU$0.87Orezone Gold (ASX:ORE): -6%, AU$2.28Ora Banda Mining (ASX:OBM): -5%, AU$1.17Alkane Resources (ASX:ALK): -5%, AU$1.52Arafura Rare Earths (ASX:ARU): -5%, AU$0.25Resolute Mining (ASX:RSG): -5%, AU$1.03Genesis Minerals (ASX:GMD): -4%, AU$5.57Catalyst Metals (ASX:CYL): -4%, AU$5.48Capricorn Metals (ASX:CMM): -4%, AU$12.76
Lycopodium (ASX:LYL) secured a AU$196 million engineering, procurement, and construction management (EPCM) contract from Resolute Mining (ASX:RSG) for the Doropo gold project in the Ivory Coast, according to a Tuesday filing with the Australian bourse.The scope includes engineering, procurement, equipment supply, and construction management for a 4.9 million tonnes per annum carbon-in-leach processing plant and its associated infrastructure, including power, water, and tailings systems, per the filing.The project delivery began following a limited notice of award in April, and it is designed to process ore from multiple open pits over an estimated 13-year mine life, the filing added.
Resolute Mining (ASX:RSG) received notice that Goldman Sachs Group and its subsidiaries became substantial holders of the company on June 18, according to a Tuesday Australian bourse filing.Goldman Sachs Group now owns 125.6 million shares in the company, representing a 5.87% total voting power, the filing said.
Australian shares continued their retreat on Friday as the prospects of a peace agreement between the US and Iran seemed distant.The S&P/ASX 200 Index dropped 0.7%, or 61 points, to close at 8,625.10.Brent crude oil futures were trading at around $95 per barrel as traders await more clarity on US-Iran talks.The Hezbollah militia rejected a new ceasefire in Lebanon, and Israel said it would not withdraw troops from the country, Reuters reported.The iron ore price in Singapore reached $100.85 per tonne, a three-month low.On the domestic front, the number of seasonally adjusted filled jobs in Australia rose 0.6% to 16.2 million in the March quarter, following a 0.3% increase in the December 2025 quarter, the Australian Bureau of Statistics said. Total jobs rose 0.7% to 16.5 million, and job vacancies increased 5.2% to 344,000, while secondary jobs increased 0.6% to 1.1 million in the March quarter.In company news, nib (ASX:NHF) agreed to sell its Australian and New Zealand travel insurance businesses, excluding World Nomads, to Allianz Partners, an Allianz Group subsidiary, for up to AU$50 million. The company also partnered with Allianz Partners for the distribution of nib-branded travel insurance products to its customers in Australia and New Zealand.Resolute Mining (ASX:RSG) said full-year 2026 production at its Syama Gold Mine in Mali is now expected to be around the lower end of its guidance range of 195,000 to 210,000 ounces due to logistical and supply chain disruptions caused by road insecurity in parts of Mali. The company said second-quarter gold production at Syama is expected to be about 30,000 ounces, compared with its original forecast of 40,000 to 45,000 ounces.Lastly, Perpetual (ASX:PPT) agreed to acquire 70% of the shares in financial technology firm Interfi Systems. The sale and purchase agreement also comes with an option to acquire the remaining 30% of Interfi Systems' shares by fiscal 2031.
(Updates to add stock movement in the headline and last paragraph)Resolute Mining (ASX:RSG) said full-year 2026 production at its Syama Gold Mine in Mali is now expected to be around the lower end of its guidance range of 195,000 to 210,000 ounces due to logistical and supply chain disruptions caused by road insecurity in parts of Mali, according to a Friday Australian bourse filing.The company said second-quarter gold production at Syama is expected to be about 30,000 ounces, compared with its original forecast of 40,000 to 45,000 ounces.The planned three-week shutdown of the sulfide plant and roaster, originally scheduled for May, has been deferred to mid-June due to current in-country conditions, with the extended maintenance shutdown expected to increase the availability of the sulfide processing plant, the company said.Processing optimization initiatives are underway to improve overall plant throughput throughout the remainder of the year, the company added.The company's shares fell 6% in recent Friday trade.
Resolute Mining (ASX:RSG) said full-year 2026 production at its Syama Gold Mine in Mali is now expected to be around the lower end of its guidance range of 195,000 to 210,000 ounces due to logistical and supply chain disruptions caused by road insecurity in parts of Mali, according to a Friday Australian bourse filing.The company said second-quarter gold production at Syama is expected to be about 30,000 ounces, compared with its original forecast of 40,000 to 45,000 ounces.The planned three-week shutdown of the sulfide plant and roaster, originally scheduled for May, has been deferred to mid-June due to current in-country conditions, with the extended maintenance shutdown expected to increase the availability of the sulphide processing plant, the company said.Processing optimization initiatives are underway to improve overall plant throughput throughout the remainder of the year, the company added.
Resolute Mining (ASX:RSG) said the voting power of Helikon entities in the firm increased to 16.1% as of Tuesday from 15.04% previously, according to a Thursday Australian bourse filing.The Helikon entities include Helikon Investments, Helikon Investments Holdings, Rule 72, F Squared, Federico Riggio, Helikon Long Short Equity Fund ICAV, and Helikon Long Short Equity Fund Master ICAV. They now hold 343.9 million fully-paid ordinary shares of the firm.Its shares climbed 2% in recent trading on Thursday.
Resolute Mining's (ASX:RSG) scoping study for its ABC project in Côte d'Ivoire showed a "strong production profile" averaging about 141,000 ounces of gold per annum over a 12-year lifespan, according to a Wednesday filing with the Australian bourse.The results translate to total gold production of 1.7 million ounces at an all-in sustaining cost of $1,614 per ounce, with a capital cost estimate of $648 million, per the filing.The company aims to optimize the size of the processing plant to raise the profile above 200,000 ounces per annum for at least 10 years of mine life, it said.Resolute Mining has so far drilled more than 25,000 meters, with the results expected to allow for an updated mineral resource estimate in the second half of the year.
Resolute Mining (ASX:RSG) confirmed that its Syama gold mine, located in southern Mali in the Sikasso region, continues to operate without interruption after recent reports regarding security incidents and unrest in Bamako and four other cities in central and northern parts of Mali, according to a Tuesday Australian bourse filing.There was no impact on the safety of personnel, supply chains, or production at this stage.The firm remains in regular contact with local authorities, security advisors, and in-country teams, and established security and travel protocols are in place, it added.
Resolute Mining (ASX:RSG) received notice that BlackRock Group and its subsidiaries decreased their holdings in the company to 5.08% from 6.2%, according to a Monday filing with the Australian bourse.BlackRock Group now owns 108.7 million shares in the company, the filing said.
Resolute Mining (ASX:RSG) reported first-quarter gold production of 59,603 ounces, down from 75,497 ounces a year earlier, according to a Thursday filing with the Australian bourse.The company said its all-in sustaining costs of $2,210 per ounce were in line with guidance as cost reductions partially offset higher royalty payments that were driven by record average realized gold prices.Resolute Mining is on track to meet full-year production guidance of 250,000 to 275,000 ounces, it said.The company's shares gained nearly 4% in recent Thursday trade.
