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Australian gold miner operating mines in Mali (Syama) and Senegal (Mako).
Australian gold miner operating mines in Mali (Syama) and Senegal (Mako).
Sells gold at the market price, so income follows the price and the ounces poured, but host governments take a share through royalties, taxes and state stakes. Its operations in Mali were disrupted in 2024 when the government detained executives in a dispute, which ended in a settlement.
In one line: A West African gold producer.
Moat: none. Commodity gold producer; West African operations face country risk without a structural cost moat.
Headquarters: Perth, Australia · Founded: 1993 · Employees: 3,692
Size Resolute Mining (RSG.AX) is an Australia Materials company (Precious Metals) with a market value of $1.81B, the 126th largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.22 on 6 Nov 2026.
Performance Over six months the shares fell 11.9%, against -15.8% for the median peer and +4.1% for the Australia market (cap-weighted) — 8th highest of 19 in its peer set.
Growth Revenue grew 5.0% over the last twelve months (peer median +59.2%); the operating margin is 35.3% (peer median 27.2%).
Valuation It trades at 10.0× forward earnings against a peer median of 11.0× (5th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 26.1 points above its cost of capital (11.8% WACC).
Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$1.47B | A$1.34B | A$1.21B | A$951M | A$939M |
| Revenue growth | — | +11% | +28% | +1% | — |
| Gross profit | A$625M | A$462M | A$319M | A$149M | A$109M |
| EBITDA | A$679M | A$543M | A$279M | A$215M | A$142M |
| Net income | A$289M | A$200M | -A$42.9M | A$98.8M | -A$49.2M |
| Free cash flow | A$382M | A$214M | A$28.2M | A$58.8M | A$39.7M |
| Capital expenditure | A$245M | A$202M | A$159M | A$108M | A$97.8M |
| Total debt | n/a | A$97.2M | A$70.7M | A$124M | A$208M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Resolute Mining RSG.AX | $1.81B | -12% | +5% | 35% | 10.0× | -7.2% |
| West African Resources WAF.AX | $2.74B | +4% | +194% | 57% | 4.4× | -18.5% |
| Endeavour Mining EDV.TO | $13.7B | -10% | +27% | 47% | 9.3× | -6.5% |
| B2Gold BTO.TO | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RSG.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.4% | -5.9% | highest of 21 |
| 6-month return | -11.9% | -15.8% | 8th highest of 19 |
| Distance from 52-week high | -27.6% | -36.0% | 5th highest of 21 |
| Revenue growth (TTM) | +5.0% | +59.2% | 3rd lowest of 16 |
| Operating margin | 35.3% | 27.2% | 7th highest of 16 |
| Forward P/E | 10.0× | 11.0× | 5th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -7.2% | -1.2% | 5th least demanding of 12 |
| Growth delivered (Del g) | +8.9% | +19.6% | lowest of 12 |
| Hurdle (Req g minus delivered) | -16.1 pp | -19.6 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | +26.1 pp | +4.7 pp | 4th highest of 18 |
| EV / EBITDA | 3.5× | 5.4× | cheapest of 11 |
| Net debt / EBITDA | -0.3× | -0.0× | 5th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Resolute Mining RSG.AX | Australia | $1.81B | -12% | +5% | 35% | 10.0× | -7.2% | +8.9% |
| Henan Yuguang Gold & Lead 600531.SS | China | $1.83B | -32% | +48% | 2% | n/a | 7.9% | +19.6% |
| Hycroft Mining HYMC | United States | $1.75B | -51% | n/a | n/a | n/a | n/a | n/a |
| Tongguan Gold 0340.HK | Hong Kong | $1.73B | -14% | +65% | 52% | 8.2× | -9.9% | +48.9% |
| Sunshine Silver Mining & Refining SSMR | United States | $1.91B | n/a | +422% | -3,022% | n/a | n/a | n/a |
| Snowline Gold SGD.TO | Canada | $1.93B | -6% | n/a | n/a | n/a | n/a | n/a |
| Ora Banda Mining OBM.AX | Australia | $1.93B | +4% | +101% | 39% | 16.6× | 1.1% | +101.1% |
| Sinda SIND | United States | $1.95B | n/a | n/a | n/a | n/a | n/a | n/a |
| Southern Cross Gold Consolidated SXGC.TO | Canada | $1.65B | -9% | n/a | n/a | n/a | n/a | n/a |
| Silvercorp Metals SVM.TO | Canada | $1.99B | -31% | +59% | 56% | 12.9× | 4.7% | +19.0% |
| Beijing Xiaocheng Technology Stock 300139.SZ | China | $1.64B | -25% | +39% | 27% | n/a | 33.6% | +27.8% |
| Alkane Resources ALK.AX | Australia | $1.63B | +11% | +403% | 34% | 11.9× | -1.2% | +48.9% |
| Mineros MSA.TO | Canada | $2.00B | +73% | +77% | 39% | 7.3× | -5.8% | +11.8% |
| DRDGOLD Ltd. Sponsored ADR DRD | United States | $2.00B | -16% | +53% | 51% | 8.1× | -16.4% | +14.1% |
| Sino-Platinum Metals 600459.SS | China | $2.06B | -17% | -27% | 2% | 19.0× | n/a | n/a |
| Orezone Gold ORE.TO | Canada | $1.46B | +31% | +93% | 40% | 6.9× | -8.0% | +110.4% |
| Bellevue Gold BGL.AX | Australia | $1.46B | -16% | +14% | 5% | 13.3× | 41.2% | +13.9% |
| Endeavour Silver EDR.TO | Canada | $2.34B | -20% | +198% | 26% | 10.9× | n/a | n/a |
| Shandong Humon Smelting 002237.SZ | China | $2.44B | -32% | +25% | 1% | 11.2× | n/a | n/a |
| Perpetua Resources PPTA | United States | $2.44B | -35% | n/a | n/a | n/a | n/a | n/a |
| Perenti PRN.AX | Australia | $1.31B | -8% | -4% | 9% | 10.3× | -9.8% | +9.8% |