Australia's Resolute Mining rises; Macquarie hikes PT on strong Doropo feasibility study

Resolute Mining

16/12/2025 03:40

** Shares of Australia's Resolute Mining RSG.AX rise as much as 8.7% to A$1.19, their highest level since December 1

** Analysts at Macquarie increases target price for the gold miner by 7% to A$1.45 per share; reiterates "outperform" rating

** An updated definitive feasibility study (DFS) on Monday at the company's Doropo gold project in Côte d'Ivoire showed larger project area and extended mine life of 13 years

** DFS showed life of mine gold production of 2.2Moz at an AISC of $1,406/oz

** Macquarie's net asset values for Doropo increases 51% to ~$1,085 million, after incorporating definitive feasibility study results

** Analysts on average rate the stock "buy"; their median PT is A$1.31, according to LSEG-compiled data

** Stock up ~184% this year, including the day's move

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))