Resolute Mining (RSG) H1 2026 earnings summary

Executive summary

• Revenue increased 31% year-over-year to $584.7 million for H1 2026, driven by higher gold prices despite lower production volumes.

• Net profit after tax rose 129% to $162.6 million, with EBITDA up 42% to $323.9 million compared to H1 2025.

• Gold production was 104,795 oz (down from 151,460 oz in H1 2025), while gold sales reached 123,951 oz at an average price of $4,712/oz.

• Operating cash flow more than doubled to $277.6 million, and net cash and bullion increased to $317.4 million.

Financial highlights

• Gross profit from operations was $290.1 million, up from $175.0 million year-over-year.

• All-In Sustaining Cost (AISC) rose to $2,327/oz from $1,688/oz due to lower production and higher royalties.

• Net tangible assets per share increased to $0.38 from $0.28.

• No interim dividend declared for the period.

Outlook and guidance

• Doropo Gold Project in Côte d'Ivoire received a mining permit and final investment decision, supporting a strategy to exceed 500koz annual gold production by 2028.

• Ongoing focus on disciplined growth and long-term shareholder value.