Australia's Resolute Mining falls as Macquarie downgrades outlook

Resolute Mining

29/10/2025 03:59

** Shares of Resolute Mining RSG.AX fall as much as 7% to A$0.935, their lowest level since September 26

** Stock extends decline for second consecutive session after gold miner narrowed its year-end production outlook, logged weak quarterly output on Tuesday

** Macquarie notes Q3 production was in line with brokerage estimates, but all-in-sustaining-costs were 15% higher than expectations

** Brokerage cuts EPS estimate by 2% to 13.2 Australian cents for calendar year 2025 to reflect higher costs

** Macquarie, however, remains positive on Resolute's recently acquired Doropo gold project in Ivory Coast; views project as core to co's diversification strategy

** YTD, stock up nearly 145%, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))