Thoughts on Resolute Mining (RSG)
Hi guys Since you seem to be bullish gold whats your view on rsg I recently bought it it has now got no debt and positive cash and it appears to be decreasing its cost to production Thoughts please Thanks Tony
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Answer
Hi Tony,
For subscribers not overly familiar with RSG its a $900mn WA based gold miner whose main mines are Mali and Senegal. The company’s latest result for the full 2023 calendar year were largely in-line with analyst expectations and they reaffirmed 2024 production guidance of 345-365,000 ounces at an AISC of US$1,300-1,400 an ounce – up from US$1,250-1,350 an ounce.
- We remain bullish towards gold and while RSG isn’t our preferred vehicle to play this view we can see the stock trading higher through 2024/5.
