Resolute Mining Share Discussion Threads

[rachael777] 13/12/2024 15:16

Disappointing news this morning - I do wonder whether he will wish to return in January or whether time away will convince him that there is more to life than being locked up for two weeks in Mali - certainly the operation requires his guidance with boots on the ground not remote managing from another continent. So reluctantly I am out

[trader465] 13/12/2024 07:57

The junta are getting more greedy as the gold price rises.


‘in 2025 the Syama Mine will migrate to the newly decreed 2023 Mining Code. Key changes include an increase in corporate income tax from 25% to 30%, and the removal of fuel duty exoneration. Royalties to the government are to be based on a sliding scale (noted in the Q3 2024 Activities Report and which Resolute has been paying since July 2024); at a gold price exceeding $2,500/oz the royalty rate is 10.5%.The government of Mali will hold a 20% preference share interest, and the remaining 80% interest in Syama will continue to be held by Resolute's subsidiary as an ordinary share interest’

[farrugia] 29/11/2024 13:57

this sounds good

'Resolute remains focused on securing the long-term future of, and creating certainty for, the Syama Gold Mine and its expansion plans. The Company also remains committed to working collaboratively with the Malian Government together with all its stakeholders.'

[farrugia] 21/11/2024 15:44

given that they will need to pay $160 million (for what exactly!!?) this is probably in debt now. The question is will they need further funding given that their balance sheet is now in such a state? Before they would have utilised the cash to further expand the mines but this is now absent.

[zangdook] 21/11/2024 11:06

At least they don't seem to have been in a jail.

[farrugia] 21/11/2024 08:32

'All three employees are safe and well and have departed the country.' - hmm where does that leave the company? they seemed in one hell of a hurry to depart! How do you manage operations from overseas?

[plasybryn] 21/11/2024 07:50

Wonderful news this morning. I sincerely hope they haven't been affected long term by their ordeal. Great for their families & friends as well.

[papillon] 20/11/2024 10:32

Interesting article. Mali gets a mention.

[oilinvestoral] 19/11/2024 13:23

May be but in the meantime , fair value is closer to 30p (possibly higher)

[the codger] 19/11/2024 11:06

The junta will be back for more in the future

[plasybryn] 18/11/2024 22:21

Shame they didn't pay that money to shareholders before the Junta got it.

[farrugia] 18/11/2024 21:53

i would be surprised if RSG doesn't try to diversify away from Mali. There is no reason for them to put more money there when they are easy prey for the junta. In one clean sweep they've extracted 160 million from them - how many years of profits does that amount to!!? And it is disappointing how RSG management rolled over; they haven't even tried to resist what amounts to ransom requests.

[oilinvestoral] 18/11/2024 21:51

All that doesn't justify the current share price! Even if you assume net production going forward is only 250,000 Oz/ annum the shares should be closer to 30p than 20p!

[oilinvestoral] 18/11/2024 21:50

PAF has over 100 million in net debt Their Barberton mine has an AISC $1777/OzThey are in South Africa which is just as bad as any other African country! Yet their EV is 50% higher than RSG! Make it make sense!

[puphead] 18/11/2024 21:14

With virtually no cash left, extra royalities, and percent of mine lost don't think there is a lot be excited about.

[oilinvestoral] 18/11/2024 20:59

PAF produces less gold (225k Oz for 2025 at roughly the same AISC and are valued at £600 million (nearly 40% higher than RSG)!

[oilinvestoral] 18/11/2024 20:03

"Surprised it is still at ?400m mka"-----I'm very surprised it's not much much higher !Let's take a look at similar London listed gold producers and see what they are trading at !HOC produces roughly the same "gold equivalent ounces" as RSG . Their market cap? £1.1 BILLION!!Centamin Egypt going through a takeover situation producer 450-500k oz / annum! At the top end RSG produces 27% less than CEY! Their takeout price £1.63 billion ! If you equate the gold production level with RSG , you get £1.19 Billion for RSG! There are many more examples ! On a simple EV/ oz of gold produced, RSG is way too cheap! Now just to be clear , I'm not expecting RSG to be valued the same as peers due to recent geopolitical risks but to be valued at a 60% discount is ludicrous!

[puphead] 18/11/2024 14:01

Surprised it is still at £400m mkap

[robizm] 18/11/2024 13:34

Of course they will have to pay tax on top. They done the same with Kodal lithium miner. Gave a few million to take their share up to 35%. I could understand if RSG where raking in huge profits but they only just started to and were getting out of debt but not all the cash and more earmarked for this. Without high gold prices we would be under 10p

[farrugia] 18/11/2024 12:04

pwhite they say it clearly in the rns

'The signing of the Protocol sets the framework for further detailed discussions with the Government regarding the long-term future of the operations in Mali, including migration of the Company's assets in Mali to the 2023 Mining Code and maintaining the safety of the Company's employees.'


the 2023 mining code means: The military junta which took over in 2020 is insisting mining companies conform to their new 2023 Mining Code requiring the government to hold up to 35% of each mining project.

MY WORRY IS WHETHER RSG WOULD HAVE TO PAY INCOME TAX ON PROFITS ON TOP OF ALL THIS !!