Australia · Delayed Price · Currency is AUD Resolute Mining Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw strong gold production, robust cash flow, and major project milestones, with Doropo construction underway and exploration success in Côte d'Ivoire and Guinea. Elevated gold and fuel prices are impacting costs, but guidance is maintained, and liquidity remains strong.
-
Operational turnaround and asset diversification have positioned the business for significant growth, with Doropo and exploration projects in Côte d'Ivoire driving future output. Mali's environment is improving, but expansion remains cautious pending regulatory milestones.
Fiscal Year 2025
-
Gold production and cost targets were met in 2025, with strong cash flow and liquidity supporting major growth projects. 2026 guidance anticipates higher CapEx and AISC due to inflation and royalties, while Doropo and exploration initiatives drive future expansion.
-
Q3 saw strong cash generation and a net cash position of $136 million, despite operational challenges at Syama due to explosives shortages and higher royalty costs from increased gold prices. Growth projects in Côte d’Ivoire and Senegal remain on track, with production guidance narrowed to 275,000–285,000 ounces.
-
Q2 saw strong gold production, record revenues, and robust cash flow, with net cash rising to $110 million. Key growth projects in Côte d'Ivoire and Senegal advanced, though Mali faced supply chain and permitting challenges. Guidance for 2025 remains on track.
-
The acquisition of Doropo and ABC projects for $150 million in staged payments diversifies operations, boosts production scale, and enhances margins. Integration is underway, with regulatory approvals pending and plans to optimize project economics and manage community and security risks.
-
Q1 2025 saw strong gold production, robust cash flow, and increased net cash, with operations at Syama and Mako performing well and exploration success supporting future growth. The company remains on track for full-year guidance and is considering capital returns as cash builds.
Fiscal Year 2024
-
2024 saw strong operational and financial performance, with EBITDA nearly doubling and robust cash flow, despite challenges in Mali and higher costs from a new mining code. 2025 guidance anticipates lower production and higher AISC, but continued strong free cash flow and focused exploration in Ivory Coast and Senegal.
-
Q3 saw strong cash flow and liquidity, despite lower production from weather impacts and higher costs due to royalties. Guidance remains unchanged, with 2024 output at the lower end and AISC at the upper end. Exploration and expansion projects are progressing, and capital allocation options are under review.
-
Strong Q2 and H1 2024 results with production and cash flow in line with guidance, AISC down to $1,402/oz, and EBITDA up to $160 million. Syama and Mako operations performed well, expansion projects are on track, and the company is debt-free with a robust cash position.