Resolute Mining Share Discussion Threads

[cowie19] 22/5/2024 01:53

Moving nicely in Oz. .55 trading.

[odsjp] 21/5/2024 09:50

Should be generating buckets of cash at these gold prices

Net cash at 31/12 was $14M
Net cash at 31/03 was $34M, so $20M increase in first quarter.

That was based on 76T oz, selling for $1,950/oz (hedged price) with an AISC of 1,487

If we say Q2 will be 84T oz as plant fully running (not shutdown for planned maintenance) then this will be 160T oz in H1 and 185T oz in H2 (H2 weighted) for the low end of guidance.

So not only will AISC go down but more importantly the gold price is averaging around 2,300 oz for Q2 and we are now fully unhedged. At 1,950 we were making $20M cash, now another 350$ (pure profit per oz). So 84,000 x 350 is 30M, so for Q2 our cash balances should increase by around $50M!!! So in July update we could have net cash at around $84M.

If gold prices averages 2,300 for H2 then 185,000x350 = $65M + 2 x $20M for basic profit at $1,950 oz, so that would add another $100m net cash by year end.

That is $184M + I believe RSG are also still due A$50M (around $30m) from sale of Ravenswood which means net cash at year end could be over $200M.

[cowie19] 20/5/2024 12:12

Nice positive few days here.

[cowie19] 10/5/2024 08:11

Nice start to the day

[cowie19] 06/5/2024 14:10

Reviewed this and have bought, gold price action favorable and debt position improving all the time. One to watch.

[avsome1968] 30/4/2024 07:29

Highlights: Resolute becomes fully unhedged

· Total Recordable Injury Frequency (TRIF) increased to 1.74 from 1.71 in the prior Quarter with five recordable injuries at Syama during the Quarter

· Gold poured of 76,351 ounces (oz) (Q4 2023: 80,307oz) in line with expectations at both Mako and Syama given the scheduled fourteen-day shutdown on the sulphide plant - representing approximately 7,000oz of gold production

· All-In Sustaining Cost (AISC) of $1,487/oz in Q1 2024 was similar to Q4 2023 ($1,480/oz) despite the lower amount of gold poured during the Quarter

· Quarterly gold sales of 69,000oz at an average realised price of $1,950/oz (Q4 2023: 79,480oz at $1,954/oz) as the last remaining hedges were fulfilled. Gold sales were delayed by the Easter Weekend Bank Holidays

· Quarterly capital expenditure of $24.7m (Q4 2023: $16.5m) with non-sustaining capital of $15.5m, sustaining capital expenditure of $9.2m and exploration spend of $2.3m

· Final $25m repayment made on the Term Loan Facility leaving Resolute fully unhedged

· Substantial cash generation of $34.7m before debt and interest payments

· Net Cash of $33.9m (up from $14.0m in Q4 2023), including Cash and Bullion of $80.7m

· Earthworks for the Syama Phase I Expansion commenced with the project on track for ramp-up in Q2 2025

· Continued development of Mako mine extension with an initial Mineral Resource Estimate (MRE) at the Tomboronkoto Prospect declared on 24 January 2024 of 10.7Mt grading 1.2g/t Au for 403,000oz estimated at a cut-off of 0.5g/t

· Resolute remains on track with 2024 guidance for production (345,000 - 365,000oz), AISC ($1,300-1,400/oz) and capital expenditure ($115 - 145m). Gold production remains weighted towards H2

[arja] 17/4/2024 10:08

RSG did bounce 2 cents in oz and tempting to buy buy at 22.74 as a discount to oz closing price . But the MALI situation is a concern and share price could suddenly plunge again even with gokd price recovering today

[the count of monte_cristo] 04/4/2024 02:23

THX just bought some licenses in Senegal.

[paduardo] 03/4/2024 08:17

@avsome1968 google the just elected Senegal President, Faye, and read about his platform which explicits promises resource nationalism. His main focus is likely to be oil and gas but if we see more appreciation in the gold price his focus could easily shift to gold miners. Political risk / uncertainty is the issue here.

[avsome1968] 03/4/2024 08:06

$2280 gold price we should be over 30p a share what's keeping this down.

[paduardo] 25/3/2024 09:25

Anybody have any thoughts on the opposition leader (Bassirou Diomaye Faye) who looks like he is going to win in Senegal. Part of his campaign pledge is to renegotiate the oil and gas contracts (resource nationalism). I have seen mention of mining as well in newspaper articles describing his platform but cant find any specifics or reference to gold mining. Does anyone know anything on this?

[swinsco] 14/3/2024 14:29

Selling usually starts this time of day. Bit of dog. Shame as looks cheap

[theblackbaron] 13/3/2024 09:21

Gone back to sleep resolute disappointed sold majority in pump dump by baron on social media put in NYSE gold miners keeping few though undervalued. There is a large background seller in resolute so in theory once out should outperform.

[theblackbaron] 02/3/2024 14:19

Well it’s awoken at last

[theblackbaron] 22/2/2024 15:27

Dead as a door nail until bottoming out gold comex phase is complete I hoped for completion by now but looks March 2024 spread is a killer but only decent U.K. leveraged play listed.

US is better silver play will be bigger outperformance being MUX or Coeur IamGold Harmony best gold play out there......

[arja] 08/12/2023 14:15

amazing that trades going through today at close to 64.8 being about 2p above OZ closing price and gold off today after US figures !

[arja] 06/11/2023 08:24

whoops , it suddenly came yo life as I was typing and a few trades :)

[arja] 06/11/2023 08:23

it has become a waste of time trying to trade it here in UK as almost a MM stock and can not even buy between the MM spread ! It was actually up in oz to 38 cents and chart resistance at 40 level . remains a real dog amongst the gold stocks .

[arja] 05/9/2023 15:34

incredible that 2 buyers paid 19.80 today even though only small parcels of 10,00!
closed at 17.50 equiv in oz which is lead market and millions traded unlike mickey mouse market for this stock on LSE .

[the count of monte_cristo] 30/8/2023 15:29

Mining companies operating in Mali may now have to contend with ownership of just 65% of their projects after a law was signed giving the state and domestic investors the right to take up stakes of up to 35%.



Resolute has an 80% interest and the Government of Mali holds the remaining 20%. The Tabakoroni complex is owned by Société des Mines de Finkolo S.A. (SOMIFI), part of the Resolute Group.

[the count of monte_cristo] 30/8/2023 14:02

Why do you say it "will never be a popular gold stock"?

[arja] 30/8/2023 13:09

maybe and I can not now remember what my thinking was over a month ago . I did buy a few yesterday on UK market anticipating an upward move in OZ and disappointed it was only up a cent :) . Will still make a tiny profit if I sell today and gold price movement this afternoon will determine what I do ! Big volume stock in UK and all of 7 shares traded today - LOL ! RSG in OZ is in a very short term uptrend but it will never be a popular gold stock !

[papillon] 15/8/2023 19:24

You were definitely over optimistic, arja!

[arja] 18/7/2023 21:30

bought modestly today for overnight trade and hoping it hits 47 or 48 in OZ - probably over optimistic ! :)