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| 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
|
|
|---|---|---|---|---|---|
| -1.30 | -5.83% | 21.00 | 236,666 | 08:05:22 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 21.00 | 22.40 | 21.00 | 21.00 | 21.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | USD 631.07M | USD 65.58M | USD 0.0308 | 12.99 | 474.78M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:36:12 | O | 114 | 22.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/11/2024 | 07:00 | UK RNS | Resolute Mining Limited Company Update Regarding Mali |
| 18/11/2024 | 11:17 | ALNC |  Resolute Mining agrees USD180 million settlement with Mali government |
| 18/11/2024 | 07:00 | UK RNS | Resolute Mining Limited Company Update Regarding Mali |
| 14/11/2024 | 14:13 | ALNC | Resolute Mining shares suspended as Mali keeps hold of Holohan |
| 14/11/2024 | 10:40 | UK RNS | Resolute Mining Limited ASX Trading Halt |
| 11/11/2024 | 07:00 | UK RNS | Resolute Mining Limited Company Statement regarding Mali |
| 11/11/2024 | 05:59 | ALNC | Mali detains chief executive of gold mining firm Resolute |
| 29/10/2024 | 07:00 | UK RNS | Resolute Mining Limited September 2024 Quarterly Activities Report |
| 29/10/2024 | 07:00 | UK RNS | Resolute Mining Limited September 2024 Quarterly Presentation |
| 23/10/2024 | 06:00 | UK RNS | Resolute Mining Limited Appointment of Joint Company Secretary |
Resolute Mining (RSG) Share Charts1 Year Resolute Mining Chart |
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1 Month Resolute Mining Chart |
Intraday Resolute Mining Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/11/2024 | 08:32 | Resolute Mining | 556 |
| 15/4/2022 | 13:18 | Reliance Security - high yield high growth | 131 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:36:13 | 22.00 | 114 | 25.08 | O |
| 08:36:08 | 22.00 | 7,500 | 1,650.00 | O |
| 08:34:40 | 22.00 | 22,709 | 4,995.98 | O |
| 08:13:16 | 21.00 | 118 | 24.78 | O |
| 08:12:08 | 21.00 | 43 | 9.03 | O |
| Top Posts |
|---|
Posted at 21/11/2024 08:20 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 22.30p.Resolute Mining currently has 2,129,050,013 shares in issue. The market capitalisation of Resolute Mining is £851,620,005. Resolute Mining has a price to earnings ratio (PE ratio) of 12.99. This morning RSG shares opened at 21p |
Posted at 18/11/2024 21:53 by farrugia 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. |
Posted at 18/11/2024 21:51 by oilinvestoral 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! |
Posted at 18/11/2024 20:03 by oilinvestoral "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! |
Posted at 18/11/2024 13:34 by robizm 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 |
Posted at 11/11/2024 11:56 by plasybryn SP Angel, Analysts in London comment this morning:Like their reassurance & good wishes for those involved in this unexpected and distressing event. I also extend my good wishes to their families & friends and hope for a fast resolution . Resolute Mining (RSG LN) 23.6p, Mkt Cap £735m – Detention of employees in Mali Resolute Mining reports that three of its employees, including Chief Executive, Terry Holohan, have been detained in Mali “by Government Officials”. The announcement confirms that the “executives were in Bamako to hold discussions with the mining and tax authorities regarding general activities related to Resolute's in-country business practices, and to progress open claims made against Resolute, which the Company maintains are unsubstantiated̶ Today’s announcement confirms that the company “has followed all official processes with respect to its affairs and has provided the authorities with detailed responses to all the claims made”. “The Company is in regular communication with the three detained employees who remain held at the Economic and Financial Centre of Bamako … [and confirms that its] … employees are being treated well and continue to receive support on the ground from the UK and International Embassies and Consulates”. Resolute Mining operates the Syama Mine in Mali which produces over 300koz pa of gold. The new 2023 mining code was developed before the recent battle with Tuareg rebels in July where dozens of Wagner mercenaries were killed. But we wonder if the recent drive by the Malian authorities to shore up their finances bears some connection to this event and to the need to better protect Mali from insurgents to the north of Bamako. Conclusion: We have known Terry for many years and know he would have done nothing to provoke detention. Detention appears to be part of the negotiating process by the Malian military junta with four Barrick Gold execs also previously detained. We suspect the government is looking to increase its share of the Syama gold mine to 35% from 20% for relatively modest compensation given the value of the gold mine. We hope for a speedy resolution and release of Resolute Mining’s staff. |
Posted at 12/9/2024 17:52 by nimrod22 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. |
Posted at 29/8/2024 15:30 by doc_oj 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 |
Posted at 29/8/2024 09:37 by aberloon2 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). |
Posted at 21/8/2024 18:38 by plasybryn 19 June 2024Ravenswood Update Resolute restructures Ravenswood Payments and receives A$30 million with further A$20 million due by September 2024 Resolute Mining Limited (‘ResoluteR Resolute and Ravenswood have restructured the Gold Price Contingent Promissory Note and Vendor Financing Promissory Note to support the Ravenswood Mine in its financing. Based on the original agreements between Resolute and Ravenswood, Resolute was due to receive a Gold Price Contingent Amount after cumulative ounces produced from Ravenswood exceeded 500,000oz of gold over a four-year period. The payment amount was dependent on certain bands linked to gold price: • A$10 million if the average gold price is greater than A$1,900/oz; • A$20 million if the average gold price is greater than A$1,975/oz; • A$30 million if the average gold price is greater than A$2,050/oz; • A$40 million if the average gold price is greater than A$2,075/oz; and • A$50 million if the average gold price is greater than A$2,100/oz. Resolute and Ravenswood have agreed to amend the Gold Price Contingent Promissory Note including that the requirements of the clause regarding Payment of Gold Price Contingent Amount of the Original Gold Price Contingent Promissory Note are deemed to have been met. Accordingly, the Gold Price Contingent Amount payable to Resolute is A$50 million (the highest payable amount) and is payable in two tranches as follows: • A$30 million paid to Resolute and received on 19 June 2024; and • A$20 million to be paid to Resolute no later than 30 September 2024. Additionally, Resolute has amended the A$50 million Vendor Financing Promissory Note that was originally due in March 2027. The new structure is as follows: • Reset the principal to the increased amount of A$64 million to account for capitalised accrued interest; • Maintain the annual coupon at 6% until 30 June 2025 after which the annual coupon increases to 12%. Interest will be capitalised and is to be paid to Resolute upon maturity; and • Promissory note maturity extended to 31 December 2027 but may be repaid early on future Ravenswood financings, liquidity event(s), or excess cash from Ravenswood. The Upside Sharing Promissory Note (up to A$150 million) linked to the investment outcomes of Ravenswood for EMR Capital (“EMR”) - one of the owners of Ravenswood - remains unchanged. This instrument is triggered on any liquidity event including disposal of Ravenswood or qualifying initial public offering. The payment is determined by reference to the gross money multiple to EMR which is the gross proceeds (before payment of the Upside Sharing Payment) divided by the total capital invested in the acquisition, development and operation of Ravenswood by EMR. Resolute will receive the Upside Sharing Payment from the owners of Ravenswood based on the amount by which the gross money multiple exceeds a minimum threshold up to a cap of A$150 million as follows: • A$7.5 million for each 0.1 that the gross money multiple is above 2.5x up to 4.0x; and • A$5 million for each 0.1 that the gross money multiple is above 4.0x. Chris Eger, CFO, commented, “This restructuring of the Ravenswood payments is a positive credit enhancing development for Resolute and further strengthens the Company’s cash position for our growth projects. We will receive the highest-possible payment of A$50 million from the Gold Price Contingent Promissory Note whilst also supporting Ravenswood with their financing. The first A$30 million tranche has been received and the second A$20 million tranche is due no later than the end of Q3 2024. These payments, along with strong cash generation from our operations, will further bolster our liquidity position and balance sheet in H2. In tandem, we have favourably amended the A$50 million Vendor Financing Promissory Note with the coupon being increased from 6% to 12% from 30 June 2025 until maturity at the end of 2027, providing further potential cash to Resolute. This is a great outcome for both Companies and demonstrates the good business relationship we have engendered.” Authorised by Mr Terence Holohan, Managing Director and Chief Executive Officer |
Posted at 21/8/2024 16:17 by odsjp Not only that - It will get another A$20M from Ravenswood in Q3 with a further potential A$150M if Ravenswood gets sold.RSG currently has a market cap of £760M but $100M cash so EV of less than £700M, HOCH by comparison has a market cap of £1B and £250M net debt, so an EV of £1.2B. HOCH only produces 300T GEO so less than RSG. So RSG does seem cheap. It is also fully unhedged as well as plans to increase production and lower AISC further. Only downside is that it is in Africa rather than South America. Personally rather than pay a dividend, would like to see it grow its cash balance during H2. It was only fully unhedged from Q2 so expect cash to grow to around $175M by EOY as has some capital expenditure planned for H2 otherwise would be more. Rather than a divi going forward, would buying out the basket case that is HUM make sense. Currently has a market cap of £62M but some $200M in debt and is trying to get to 200K oz per year. Both operate in same/similar countries depending on mine (Mali/Guinea/Senegal and Liberia) so would extend geography, economies of scale and immediately get us upto 500K oz with an immediate growth plan to 700K |
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