Australia's Resolute Mining slips on lower yearly output, forecast

Resolute Mining

22/01/2026 03:37

** Shares of Resolute Mining RSG.AX fall as much as 3.4% to A$1.29, their biggest intraday pct loss since December 30

** Gold miner posts FY25 group gold production of 277,236 ounces, compared to 339,869 ounces last year

** Also sees FY26 group production of 250,000 ounces-275,000 ounces, lower than FY25 output

** Attributes lower annual forecast to stockpile processing at its Mako mine in Senegal, alongside a commissioning and ramp-up of the sulphide conversion project at its Syama site in Mali

** Stock rose 210.1% last year

 (Reporting by Nikita Maria Jino in Bengaluru)

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