Key Highlights

• Resolute Mining produced 44,398 ounces of gold in Q3 2026 at an AISC of US$2,506/oz

• Gross sales Revenue reached A$310.1 million with closing cash and deposits of A$1,212 million

• Doropo mine construction in Côte d'Ivoire progressing on track and on budget with US$260 million financing secured

• Group production guidance revised to 205,000 – 225,000 ounces for the full year 2026

Resolute Mining(ASX:RSG) closed at A$1.25 on 05 November 2026, gaining 14.68% during the trading session. The broader S&P/ASX 200 (XJO) advanced 2.61% (+230.60 points) to 9,065.10, while the S&P/ASX 300 Metal & Mining index (XMM) surged 7.90% (+580.50 points) to 7,930.90. Overnight Wall Street gains following the Democrats' decisive victory in the U.S. midterm elections provided a tailwind for global Equity markets. Gold gained 1.77% to USD 4,145.70, silver advanced 1.00% to USD 53.22, and copper edged up 0.06% to USD 14,086.00. Resolute Mining is a West Africa-focused gold producer listed on both the ASX and London Stock Exchange, with operations spanning Mali, Senegal, and Côte d'Ivoire.

Quarterly Production and Financial Performance

Resolute released its Q3 2026 quarterly activities report on 29 October 2026, covering the period ended 30 September 2026. The company produced 44,398 ounces of gold during the quarter, broadly in line with the prior quarter's 45,192 ounces. All-In Sustaining Costs came in at US$2,506 per ounce, compared to US$2,484 per ounce in Q2 2026. Revenue for the quarter totalled A$142.9 million (Q2 2026: A$247.1 million), while EBITDA was A$64.0 million. Capital Expenditure during Q3 reached A$85.3 million, including A$52.9 million directed towards the Doropo project. The company generated Operating Cash Flow of A$55.8 million before capital expenditure and Working Capital adjustments. Group net cash stood at A$276.1 million, including cash, cash equivalents, and bullion of A$330.3 million.

Syama Operations and Challenges

The Syama mine in Mali experienced operational challenges during the quarter, as highlighted in an operational update issued on 21 September 2026. Production was affected by slower-than-planned open pit mining rates, intermittent underground explosives supply, and plant downtime. The Syama Sulphide Conversion Project (SSCP) commissioning neared completion, with mobilisation of additional equipment accelerating towards the end of the quarter. Mako in Senegal continued to perform in line with expectations, contributing to overall group output. Full-year 2026 production guidance was revised to a range of 205,000 to 225,000 ounces at a group AISC of US$2,250 to US$2,350 per ounce.

Doropo Construction Progress

Construction at the Doropo gold project in Côte d'Ivoire continued to advance on schedule and on budget during the quarter. The project is fully funded with US$260 million of local financing secured. Key construction milestones achieved during Q3 included the progression of earthworks across major project areas, commencement of concrete works, mobilisation of additional contractors, and awarding of major equipment and infrastructure packages. Approximately US$315 million of the total US$516 million project capital expenditure has been committed. The site workforce increased to more than 600 people, and the project maintained a lost-time-injury-free record.

About the Company

Resolute Mining is a multi-mine gold producer operating in West Africa. Its portfolio includes the Syama underground and open pit mine in Mali, the Mako mine in Senegal, and the Doropo development project in Côte d'Ivoire. The company also holds the ABC exploration project in Guinea.

Sector Context

The gold mining sector experienced a broadly positive session on 05 November, with the XMM index rising 7.90%. Gold prices rose 1.77% to USD 4,145.70, supporting improved sentiment across ASX-listed gold producers. Several mid-tier and junior gold miners recorded double-digit percentage gains during the session.

Risks

Resolute faces geopolitical risks across its West African operating jurisdictions, including regulatory changes and security considerations in Mali. Execution risk around the SSCP ramp-up at Syama and the Doropo construction timeline remain relevant. Currency fluctuations, gold price volatility, and the availability of explosives for underground operations are additional operational risks.

Catalysts on Watch

Key catalysts include the completion of SSCP commissioning at Syama, continued on-schedule progress at Doropo, completion of the ABC infill drilling campaign by year-end, and potential production improvements at Syama and Mako in Q4 2026.

The Path Forward

Resolute Mining enters the final quarter of 2026 with its Doropo project advancing on schedule, the SSCP nearing commissioning completion, and a pipeline of exploration projects designed to support longer-term growth. The company holds net cash of A$276.1 million and maintains full-year guidance of 205,000 to 225,000 ounces at an AISC of US$2,250 to US$2,350 per ounce, with management signalling expectations for an improved production outcome in Q4.