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RSG Resolute Mining Limited

31.20
0.60 (1.96%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Resolute Mining Limited LSE:RSG London Ordinary Share AU000000RSG6 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.60 1.96% 31.20 274,285 15:57:08
Bid Price Offer Price High Price Low Price Open Price
30.80 31.60 31.20 31.00 31.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 631.07M USD 65.58M USD 0.0308 19.81 651.49M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:08:14 O 100,000 31.20 GBX

Resolute Mining (RSG) Latest News

Resolute Mining (RSG) Discussions and Chat

Resolute Mining Forums and Chat

Date Time Title Posts
16/7/202408:29Resolute Mining432
15/4/202214:18Reliance Security - high yield high growth131

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Resolute Mining (RSG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 16:15:0031.20100,00031,200.00O
2024-07-26 15:08:1531.5017,0005,355.00O
2024-07-26 14:45:4431.509,5042,993.76O
2024-07-26 14:16:1731.5015,8524,993.38O
2024-07-26 14:15:0731.5012,6703,991.05O

Resolute Mining (RSG) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Resolute Mining Daily Update
Resolute Mining Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker RSG. The last closing price for Resolute Mining was 30.60p.
Resolute Mining currently has 2,129,050,013 shares in issue. The market capitalisation of Resolute Mining is £1,298,720,508.
Resolute Mining has a price to earnings ratio (PE ratio) of 19.81.
This morning RSG shares opened at 31p
Posted at 20/6/2024 16:24 by cowie19
Another top up today, metal prices perky, RSG chart looks great
Posted at 21/5/2024 09:50 by odsjp
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.
Posted at 06/5/2024 14:10 by cowie19
Reviewed this and have bought, gold price action favorable and debt position improving all the time. One to watch.
Posted at 30/4/2024 07:29 by avsome1968
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
Posted at 17/4/2024 10:08 by arja
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
Posted at 03/4/2024 08:17 by paduardo
@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.
Posted at 03/4/2024 08:06 by avsome1968
$2280 gold price we should be over 30p a share what's keeping this down.
Posted at 08/12/2023 14:15 by arja
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 !
Posted at 30/8/2023 13:09 by arja
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 !
Posted at 17/2/2021 08:31 by avsome1968
Richard i think the dept was becoming a problem $230m need to be eating into this while gold price high so the sale of Bibiani Gold Mine for US$105 million will hopefully pay near half of the dept to $125m so with Guidance for 2021 of 350,000oz to 375,000oz at a forecast AISC 20% up between US$1,200/oz and US$1,275/oz so it all depends on the gold price i think we will see gold price over
2k again short term RSG share price should start to move back up i actually added yesterday to bring my average down to 46p now but i think will still have a seller in the background.




Y20 production to 395,136oz (CY19 production of 384,731oz)

-- Realised gold price for the quarter averaged US$1,719/oz compared to the average spot price of US$1,877/oz

-- All-In Sustaining Cost (AISC) of US$1,002/oz for the quarter bringing year to date AISC to US$1,074/oz (CY19 AISC of US$1,095/oz)

-- Cash and bullion of US$106.5 million reducing net debt to US$230.4 million at 31 December 2020

-- Agreement reached for sale of Bibiani Gold Mine for US$105 million
-- Guidance for 2021 of 350,000oz to 375,000oz at a forecast AISC between US$1,200/oz and US$1,275/oz

-- Tabakoroni Mineral Resource increased to 1.3Moz at 4.9g/t Au
Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) presents its Quarterly Activities Report for the period ended 31 December 2020.

Resolute's safety performance continued to improve with TRIFR halved to 0.87 over the preceding 12 months, despite the challenges posed by the COVID-19 pandemic.

Resolute's quarterly production of 89,888oz at an AISC of US$1,002/oz during the December quarter was driven by another strong performance from the Mako Gold Mine (Mako) in Senegal and an improved performance from the Syama Sulphide operation.

Production at the Syama Sulphide operation increased by 15% compared to the prior quarter despite a number of local and national strikes called during the December quarter. Processing operations were not significantly affected, as Resolute capitalised on the ore stockpiles at both the oxide and sulphide plants to ensure continuity of production. Syama Oxide production was affected by the late arrival of mining equipment to the Cashew Open pit which delayed access to higher grade ore, together with material handling issues associated with viscous, low density ores.

During the quarter, Resolute announced the Sale of Bibiani Gold Mine for US$105 million in cash to Chifeng Jilong Gold Mining Co. Ltd (Chifeng). Proceeds from the sale will be used to repay debt and strengthen Resolute's balance sheet.

Guidance for 2021 has been set at gold poured of between 350,000oz to 375,000oz at an AISC of between US$1,200/oz and US$1,275/oz inclusive of corporate overheads. The focus for 2021 will be operational consistency and cash generation
Resolute Mining share price data is direct from the London Stock Exchange

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