RBC cuts target for Resolute Mining stock to 105 GBp

Published on 10/07/2026 at 01:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue rose 31.00 percent to USD 584.70 million. The 2026 outlook for Resolute Mining stock is 205,000-225,000 ounces.

Resolute Mining, AU000000RSG6, Illustration mit AI erstellt.

Resolute Mining (ISIN AU000000RSG6) faces a lower analyst target after Shareprices reported on October 6, 2026, that RBC cut its price target to 105 GBp from 110 GBp and retained an Outperform rating. The change puts valuation discipline alongside a business still carrying substantial production and expansion targets.

Revenue growth meets operating pressure

Kapitales Research reported that Resolute Mining's half-year results released on August 20, 2026, showed revenue of USD 584.70 million, up 31.00 percent from the prior corresponding period. Net profit after tax reached USD 162.60 million, compared with USD 71.00 million previously, while EBITDA rose 42.00 percent to USD 323.90 million.

The comparison matters because the profit increase was accompanied by operational strain at Syama in Mali. The same report said first-half 2026 Syama production was 74,000 ounces and second-quarter all-in sustaining cost was USD 2,654.00 per ounce.

Guidance shifts toward recovery

Resolute now expects Syama to produce 150,000-160,000 ounces in 2026 at an all-in sustaining cost of USD 2,300.00-2,400.00 per ounce, according to Kapitales Research. Group production guidance is 205,000-225,000 ounces at an all-in sustaining cost of USD 2,250.00-2,350.00 per ounce, based on a USD 4,000.00 gold-price assumption.

The recovery plan has a concrete timetable. Fourth-quarter Syama production is forecast at 45,000-50,000 ounces, and an onsite emulsion facility is scheduled for commissioning in November 2026. Doropo construction adds a longer-term growth counterweight to the Mali execution risk.

Doropo anchors the growth case

MarketBeat reported on October 5, 2026, that Resolute is targeting 500,000 ounces of annual gold production by 2028. The Doropo project has a planned 13-year mine life, 2.5 million ounces of reserves and a USD 515.00 million capital budget, with first gold targeted for early 2028.

For investors, the central tension is visible in the numbers: strong first-half earnings growth sits beside lower near-term production guidance and higher Syama costs. The RBC target cut therefore adds a measured valuation signal to an operational recovery story rather than changing the company's longer-term production ambition.

Last close and company details

The last Lang & Schwarz close was EUR 0.70 on October 5, 2026. Resolute Mining's primary listing is the Sydney Stock Exchange, where the stock trades under ticker RSG; Investing.com identifies the company as a Basic Materials issuer in Metals & Mining and confirms ISIN AU000000RSG6.

The further course of trading is shown by the continuously updated real-time quote of Resolute Mining stock.