Resolute Mining Share Discussion Threads

[nimrod22] 26/9/2024 20:18

Something I posted on the other site.
Either its SRB or one of the many other hot Gold/Silver miners (which I'd suggest you should be holding) its plenty of dosh coming down the pipeline over the foreseeable future. All the stars are aligned for gold and not just the Fed lowering interest rates. Everybody and his dog are building Gold reserves; the South Americans, Türkiye big time, India with import duty cuts and rising middle class with cash, along with anyone with two Rupes to rub together. Russia and China trying to change the world order with Gold reserves. Saudi becoming big time buyers (on the quiet). ETF funds reversing their Gold selling mode to very active buyers......did I leave something out???? ....Possibly everyone else stuffing their mattresses for some personal security.

[avsome1968] 20/9/2024 14:07

We shall see trader enjoy the weekend.

[trader465] 20/9/2024 12:38

Year to date up 56%, “the” seller only exists in your head

[avsome1968] 20/9/2024 11:49

Was huge volume in oz 175m traded, when seller finished this should fly going to be raking it in looking forward to next quarter results.

[avsome1968] 16/9/2024 07:20

This should be pushing well into the 40/s definitely been a seller in the back ground for months now cant have too much firepower left surly.

[rachael777] 13/9/2024 09:30

In my mind I am not looking to do anything with this until it gets to 80p - then I will have to consider the cup and handle complete - if gold accelerates then the pattern could complete very quickly or at least earlier than what I was looking at which was midsummer 2025

[nimrod22] 12/9/2024 17:52

I posted this on the other board....Most of the Gold miners that have an actual revenue and product to sell are having great share price increases such as SRB and PAF; compounded by the record price of Gold. Gold going up with the drop in interest rates, general political uncertainty, and massive central bank buying. China may well have published that they were not buyers over the last few months, but that doesn't necessarily mean they are not, the complete opposite may well be true as other numbers have indicated in the past showing large purchases not recorded. Anyway onwards and upward for RSG.

[plasybryn] 06/9/2024 14:21

Paid prices per OZ Resources for African Gold Mines:

2021 - 26$ oz

2022 - 41$ oz

2023 - 53$ oz

2024 - 124$ oz

[plasybryn] 05/9/2024 20:38

Pasofino Gold up 15% today

[dickbush] 05/9/2024 15:40

RSG has more than enough finance to buy HUM but it's more likely to be interested in Pasofino which is up for sale, would add 200,000 oz production at AISC $1,000 once developed and is in Liberia which recently had a peaceful transfer of power.

[backmarker] 05/9/2024 10:45

My small purchase yesterday not looking so bad today - particularly as I added a few more when the price dropped.So is there any real likelihood they might bid for HUM? While their finance deal looks handy I think they would need a load more to get HUM. Even just Kouroussa would be a mouthful.

[plasybryn] 04/9/2024 10:05

SP Angel Broker today:-Resolute Mining (RSG LN) 32p, Mkt Cap £720m – Loan facility for growth opportunitiesResolute announces today it has signed a senior debt facility of up to $140m with Nedbank and Citibank.The loan facilities will provide up to $60m in funding immediately, with the option to increase this by $80m via an Accordion Facility.Resolute states the 'primary purpose of the Facility is to provide increased flexibility to continue to explore organic and inorganic growth opportunities.'Resolute entered a net cash position this year, holding $143m in cash and bullion as of June 2024.As regards organic growth opportunities, Resolute's Syama Phase 1 expansion and Mako LOM are self-funded.Conclusion: We will be interested hear an update from Resolute's Mansala Prospect in Guinea, where they expect to deliver an initial MRE this quarter. The Company currently assumes 100kozpa production from Guinea over the long term, suggesting confidence on the asset's development potential. As regards inorganic growth opportunities, we suspect Resolute may be keen to diversify their asset base outside of Mali, despite their successful operating track record in country, potentially consolidating their asset base in Guinea.

[backmarker] 04/9/2024 09:18

Well, that wasn't best timing.

[trader465] 04/9/2024 08:42

Well how do you know I’m posting here unless you are peeping at my posts in the hope of learning something?

[backmarker] 04/9/2024 08:14

I should have added: trader456 is filtered, of course.

[backmarker] 04/9/2024 08:13

Looks like I'm the only buyer so far today.This seems a fairly quiet board, and all the better for that.

[trader465] 04/9/2024 07:54

What are they planning to do with all the cash?

“With the new financing facility Resolute's liquidity will increase to over USD 200 million”

[avsome1968] 29/8/2024 17:51

Nothing wrong with those results will be topping up first thing in the morning, could se a divi in the next 12 months.

[plasybryn] 29/8/2024 16:36

SP Angel today:-Resolute Mining (RSG LN) 33p, Mkt Cap £745m – Half year results show return to net cash supported by SyamaResolute produced 167koz Au over the first half, down slightly yoy but in line with expectations.Revenue over the period at $342m vs $330m same period last year, with average realised gold price of $2,170/oz.EBITDA at $116m vs $101m same period last year, OPEX down 2% whilst gold sold down 9%.Net profit after tax of $33.4m, down from $88mAISC for the period at $1,442/oz vs $1,469/oz 1H23 – management expects this to continue to fall into H2.CAPEX guidance retained at $115-145m, with CAPEX + exploration expenditure at $44.3m for the period.Net cash up to $97m, cash and bullion at $143m. The company paid a final $25m loan facility, and holds $48m in in-country overdraft facilities.Syama AISC rose from $1,418/oz to $1,502/oz qoq.Syama sulphide grade and tonnage is expected to decrease in 3Q24 on rainy season constraints, before ramping up again.Syama processed oxide tonnage is also expected to be lower this quarter, before increasing into 4Q24.Mako is expected to see AISC meet full year guidance of $1,100-1,200/oz.FY24 production guidance retained at 345-365koz Au with AISC of $1,300-1,400/oz.Management highlights the SSCP project progresses well, supporting 4mtpa of higher-grade sulphide ores from 2.4mtpa to be fed through Syama by mid-2025.Company expects to release an MRE for Tomboronkoto and their Mansala Prospect in Guinea this quarter.Resolute expects a further A$20m to be paid from Ravenswood by 30th September 2024.

[odsjp] 29/8/2024 16:19

Key points for me are:
1) $341M revenue in H1 and looking at $460M in H2, so total for year of $800M.
This is a 25% increase over last year.
For prod of 188K Oz in H2 (94 per Qtr) at 2,450/oz - so mid range of 355K/yr
2) Capex spend will be approx $85M in H2 (mid range of 130$M with 45$m spent)
3) Will get another $12M from Ravenswood on 30 Sept.
4) Lower AISC in H2, expect net cash to be around $150M at year end.
Would be much higher if Capex in H2 was lower but you have to spend to invest.
5) Most important to me was almost the last sentence in the update, "Looking at finalising a new working capital facility for opportunistic organic and inorganic growth". I read that as potentially looking at an acquisition. As mentioned in an earlier post I see HUM as a possible. Would immediately increase prod from around 350K to 500K+ plus a number of exploratory assets
Should be a good H2

[doc_oj] 29/8/2024 15:30

This has been an absolute nightmare for me over the last couple of years or so, didn't even bother looking into what was going on, thought the share price kept going up in line with gold price. Looking at the update today seems we have a bright future, bought some more today, maybe a bit late but hey ho

[trader465] 29/8/2024 11:36

Gold is up around 15% on the H1 price achieved so H2 cash generation should be even better

[trader465] 29/8/2024 10:20

They produced 167koz but only sold 157k, so about 10koz or $20m still sitting in the stock pile

[aberloon2] 29/8/2024 09:37

Looking at the share price reaction. this is an absolutely shocker of a performance to see a cash balance improvement like this... 'Net cash of $96.6 million (31 December 2023: $14.0 million)'



Key highlights for half year ended 30 June 2024 include:

▪ Production (gold poured) for H1 of 167,140 ounces (oz) compared to 176,631oz in H1 2023.

▪ All-In Sustaining Cost (AISC) of $1,442/oz for the first half of the year ($1,469/oz in H1 2023) due to lower operating cost, continued efficiency improvements and lower sustaining capital.

▪ H1 gold sales of 157,321oz at an average realised gold price of $2,170/oz compared to 173,058oz at an average realised gold price of $1,906/oz in H1 2023.

▪ Cash generation of $73.1 million excluding interest payments, working capital movements, Ravenswood payment and debt repayment.

▪ Received A$30m (approximately $20m) first tranche cash payment from restructured Gold Price Contingent Promissory Note from the sale of the Ravenswood Gold Mine in Q1 2020.

▪ Net cash of $96.6 million (31 December 2023: $14.0 million).