Resolute Mining Limited reported revenue of $584.7 million for the half-year ended 30 June 2026, a 31% increase from $447.5 million in the corresponding period of 2025.

The revenue growth came from gold sales of 123,951 ounces at an average realised price of $4,712 per ounce. Net income after tax rose to $162.6 million, up from $71.0 million in H1 2025, while EBITDA increased by 42% to $323.9 million compared to $228.8 million previously.

Group gold production reached 104,795 ounces, down from 151,460 ounces in H1 2025. This reflects a planned transition to stockpile processing at the Mako mine in Senegal following the end of open-pit mining in 2025, alongside operational headwinds at the Syama mine in Mali. Syama faced explosive supply constraints, slower equipment mobilisation at the A21 open pit, and a planned roaster shutdown during the June quarter.

All-In Sustaining Costs for H1 2026 rose to $2,327 per ounce, a 38% increase from $1,688 per ounce in H1 2025, driven primarily by higher government royalties and lower production volumes.

The company ended the period with a net cash position of $317.4 million, compared to $111.3 million at 30 June 2025. Total cash and bullion stood at $332.7 million. Capital expenditure and exploration totalled $96.9 million, aligning with full-year guidance of $310 million to $360 million.

“Resolute has delivered a strong first half of 2026, generating significant operating cash flow and ending the period with a net cash position of $317.4 million.”

— Chris Eger, Chief Executive Officer

Development activities advanced across the portfolio. At the Doropo Project in Côte d'Ivoire, the company secured all key approvals, including the mining permit, Mining Decree and a final investment decision. Construction has ramped up following $155.0 million in local bank financing secured in July, with a further $105.0 million expected by the end of the third quarter of 2026. First gold production at Doropo is targeted in the second half of 2028.

In Senegal, the Mako Life Extension Project advanced technical and environmental workstreams to evaluate satellite deposits at Bantaco and Tomboronkoto, aiming to utilise existing infrastructure. At the ABC Project in Côte d'Ivoire, an expanded Inferred Mineral Resource Estimate was announced in July, totalling 133 million tonnes grading 0.71 grams per tonne for 3.0 million ounces of contained gold. The work programme aims to advance ABC through feasibility studies and mining application work by the end of 2027.

“At Doropo, the project progressed from final investment decision into active construction, with early works advancing and financing progressing. At ABC, the updated 3.0 Moz Inferred Mineral Resource highlighted the scale of the opportunity and supports our objective of advancing the project through studies and permitting over the coming years.”

— Chris Eger, Chief Executive Officer

Group production guidance for 2026 remains on track to be around the lower end of the 250,000 to 275,000 ounce range. Full-year AISC guidance of $2,000 to $2,200 per ounce is maintained, though subject to change amid elevated gold prices and fuel costs.

Read the full announcement: Half Year Financial Results Summary