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Resolute Mining Reports Sequential Decline in Q3 Gold Production, Revenue

MT Newswires Live07:47

Resolute Mining (ASX:RSG) reported gold production of 44,398 ounces for the third quarter, down from 45,192 ounces in the second quarter, according to a Thursday filing with the Australian bourse.

The company said its third-quarter earnings before interest, taxes, depreciation, and amortization fell to $64 million from $128.5 million in the second quarter as revenue fell to $142.9 million from $247.1 million.

Resolute Mining also reported quarterly capital expenditure of $85.3 million, consisting of $18.6 million at the Syama complex in Mali, $3.3 million at the Mako gold mine in Senegal, $10.5 million of exploration capital spend, and $52.9 million at the Doropo project in Côte d'Ivoire.

The company said its net cash position improved to $276.1 million at the end of September from $209.1 million at the close of 2025, but fell from $317.4 million at the end of the second quarter.

Resolute Mining shares gained 3% in recent Thursday trade.

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