Resolute Mining interim profit surges amid sharply higher gold price

(Alliance News) - Resolute Mining Ltd on Friday said it had a "very positive" first half of the year, amid a much higher realised gold price.

The Africa-focused gold miner for the first half of 2025 reported a pretax profit of USD124.1 million, up sharply from USD53.4 million the year before.

Revenue increased 31% to USD447.5 million from USD341.5 million.

Gold poured totalled 151,460 ounces, down 9.4% from 167,140 ounces. Gold sales decreased 7.8% to 145,120 ounces from 157,321 ounces.

However, this was more than offset by the average realised gold price rising 42% to USD3,076 per ounce from USD2,170 a year before. Spot gold was quoted at USD3,328.78 an ounce early Friday.

Earnings before interest, tax, depreciation, and amortisation surged 81% to USD211.1 million from USD116.4 million.

Resolute Mining maintained its full-year production guidance at 275,000 to 300,000 ounces, at least 12% lower than 339,869 ounces in 2024.

Further, it kept an all-in sustaining cost guidance of between USD1,650 to USD1,750 per ounce, which would be up at least 19% from USD1,476 in 2024. In the first half of 2025, this rose by 35% to USD1,972 from USD1,463 a year before.

"Resolute has had a very positive first half of the year," said Chief Executive Officer Chris Eger.

He added: "The licensing process at Doropo [in Ivory Coast] is progressing, and we are continuing to engage productively with the local government. Operationally we remain focused on safety, meeting guidance and ensuring a continued focus on cost reductions which the company continues to demonstrate."

Resolute Mining shares were up 1.7% to 34.77 pence each on Friday morning in London.

By Tom Budszus, Alliance News slot editor

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