Resolute Mining (RSG) Corporate presentation summary

Strategic positioning and growth trajectory

• Diversified West African gold producer with a 19 Moz Mineral Resource Estimate and multi-asset portfolio.

• Clear pathway to increase annual gold production to over 500 koz by 2028, driven by organic growth projects.

• Robust pipeline includes Doropo, ABC, La Debo, and Mako Life Extension, with significant exploration upside.

• Strong cash flow and net cash position of $317 million as of Q2 2026 support growth initiatives.

• Undervalued relative to peers, offering potential for valuation re-rating.

Operational and project highlights

• 2026 gold production guidance is 250,000–275,000 oz at an AISC of $2,000–2,200/oz.

• Doropo Project under construction, targeting first gold in H2 2028, with a 13-year mine life and 169 koz/year average production at $1,472/oz AISC.

• ABC Project updated MRE to 3.02 Moz Au; feasibility studies and drilling underway for potential development.

• Mako mine transitioning to stockpile processing, with Bantaco and Tomboronkoto satellite deposits expected to extend mine life by 7 years.

• Syama complex advancing sulphide conversion project, aiming for long-life sulphide operations.

Financial performance and capital structure

• H1 2026 revenue of $585 million, EBITDA of $324 million, and net operating cash flow of $226 million.

• Group AISC for H1 2026 was $2,327/oz, with an average realised gold price of $4,712/oz.

• Projected liquidity of $472 million, with $155 million in secured credit facilities and $105 million additional expected.

• Market capitalisation of approximately $2.1 billion and enterprise value of $1.8 billion as of August 2026.

• Shareholder base includes major institutional investors, with Helikon, Vanguard, and BlackRock among the top holders.