Resolute Mining Q1 Earnings Call Highlights

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MarketBeat

Thu, April 23, 2026 astatine 9:32 AM CDT 10 min read

Resolute Mining logo

Resolute Mining logo
  • Resolute delivered conscionable nether 60,000 ounces of golden successful Q1, generated $338m gross and $120m operating currency flow, finished the 4th with $315m nett currency (including ~$100m unsold bullion), and remains connected way for full-year guidance of 250,000–270,000 ounces with accumulation weighted to H2 arsenic Syama sulphide processing ramps aft SSCP completion.

  • Group AISC was $2,200/oz successful Q1 (Syama $2,227/oz; Mako $1,669/oz), driven higher by accrued royalties from a realized golden terms of $4,858/oz and rising substance costs, and absorption warns AISC whitethorn beryllium astatine the precocious extremity of oregon transcend the $2,000–$2,200 guidance if elevated golden and substance prices persist.

  • Growth momentum continues with receipt of the exploitation licence and committee FID for Doropo, operation underway and 2026 capex wrong a $170–$190m scope targeting archetypal golden successful 2028, portion the Mako Life Extension Project could adhd up to 7 years of excavation beingness and nutrient 75,000–85,000 oz/year.

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Resolute Mining (LON:RSG) reported what executives repeatedly described arsenic a “very robust” commencement to 2026, delivering first-quarter golden accumulation of conscionable nether 60,000 ounces, beardown currency generation, and continued advancement connected its cardinal maturation projects, including the Doropo improvement successful Côte d’Ivoire and the Syama Sulphide Conversion Project (SSCP) successful Mali.

Chief Executive Officer Chris Eger said the institution achieved “pretty overmuch each the targets that we were hoping for” successful the quarter. He highlighted information show of 1 mislaid clip wounded and a full recordable wounded frequence complaint (TRIFR) of 0.43.

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Group golden accumulation was “right connected people with our guidance,” Eger said, and helium reiterated that the institution remains connected way with its full-year accumulation guidance of 250,000–270,000 ounces. He added that the accumulation illustration is expected to beryllium weighted to the 2nd fractional of the year, with higher levels anticipated successful Q3 and Q4 arsenic Syama processes higher-grade sulphides aft SSCP completion.

On costs, Eger said radical all-in sustaining costs (AISC) were $2,200 per ounce, “slightly higher than expected,” attributing the summation to higher royalty expenses successful a stronger golden terms environment. The institution maintained radical AISC guidance of $2,000–$2,200 per ounce, but Eger cautioned that the guidance was acceptable utilizing a $4,000 golden terms assumption, and “if we proceed to spot elevated golden terms passim the remainder of the year, we’ll apt beryllium astatine the precocious end, if not transcend the guidance levels.” He said the institution would supply much colour connected AISC guidance with second-quarter results successful July.

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