Resolute Mining Stock Earnings Reports

Resolute Mining reported a stabilizing and productive Q4 2025 and delivered full-year results in line with guidance. Group gold production was 277,000 oz for 2025; Q4 production was 66,000 oz. The company ended the year with net cash of $209 million and available liquidity of ~ $320+ million. Operationally, Syama (Mali) recovered from supply-chain issues, achieved stronger underground performance and is on track to commission the Syama Sulphide Conversion Project (SSCP) in stages through 2026; Syama guidance for 2026 is 195,000–210,000 oz at AISC $1,950–$2,150/oz. Mako (Senegal) produced strongly in 2025 but will transition through stockpile processing in 2026 with guidance of 55,000–65,000 oz at AISC $1,600–$1,800/oz; life‑extension projects Tomboronkoto and Bantaco are progressing through permitting and studies. The transformational Doropo project (Côte d’Ivoire) completed an updated DFS (55% higher reserves, 2.2 Moz LOM at a $1,950 DFS price) and has a post‑tax NPV (5%) of $1.46bn at a $3,000/oz base case; management expects permitting, FID and construction to progress in 2026 (project capex $516m total; $170–$190m expected in 2026 conditional on permits/FID). Group 2026 guidance: 250,000–275,000 oz production, AISC $2,000–$2,200/oz, and elevated group CapEx of $310–$360m driven by Doropo, SSCP completion and waste stripping. Exploration remains a strategic priority (~$15–25m planned in 2026), focused on Côte d’Ivoire (ABC, La Debo) with aims to convert resources and produce scoping studies in H1–H2 2026. Management plans to fund near-term development largely from cashflow and liquidity while arranging debt for Doropo to optimize the capital stack.