Resolute Mining Limited (ASX:RSG) Releases Q1 2025 Activities Report
Financial Performance
Resolute Mining Limited reported a net cash position of $100.3 million for Q1 2025, up from $66.3 million in the previous quarter. The company generated an operating cash flow of $75.4 million, driven by higher gold prices and strong cash flow from operations. Quarterly capital expenditure was $24.9 million, slightly below Q4 2024 levels.
Operational Highlights
The Group produced 75,497 ounces of gold in Q1 2025, a decrease from 87,687 ounces in Q4 2024. All-In Sustaining Costs (AISC) remained in line with guidance at $1,708 per ounce. Gold sales reached 64,322 ounces at an average realised price of $2,840 per ounce. Both the Syama and Mako operations performed strongly, with the Syama Sulphide Conversion Project on track for a mid-2026 start-up.
Safety & Environmental
Resolute achieved a Total Recordable Injury Frequency Rate (TRIFR) of 1.86, an 11% improvement from the previous quarter and below the industry average of 2.5. The company maintained zero significant environmental incidents and upheld ISO 14001 and 45001 certifications.
Exploration & Future Projects
Encouraging drill results from the Bantaco project in Senegal highlight potential satellite deposits to extend the Mako mine. Resolute is on track to meet its production guidance of 275,000 – 300,000 ounces for 2025 with AISC of $1,650 – $1,750 per ounce. Capital expenditure guidance of $109 – $126 million remains on track.
Executive Comments
CEO Chris Eger stated, “It has been a strong start to the year for Resolute with both operations running smoothly and continuing to generate very robust cash flows. The Company’s net cash position has increased by $34 million over the Quarter to end at $100.3 million.”
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