Resolute Mining
Resolute Mining is an African-focused gold producer dual-listed on the ASX and LSE that operates the Syama mine in Mali and the Mako mine in Senegal, is constructing the Doropo project in Côte d'Ivoire, and targets 500,000+ ounces of annual production by 2028.
- Company typePublic
- Founded1989
- HeadquartersPerth, Australia
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Resolute Mining does
Resolute Mining Limited is an African-focused gold producer and explorer dual-listed on the Australian Securities Exchange (ASX) and the London Stock Exchange (LSE) under the ticker RSG and headquartered in Perth, Western Australia, with a regional office in London. Incorporated in 1989 and operating for more than 30 years, Resolute has produced over 9 million ounces of gold from ten mines and currently owns two producing assets — the Syama Gold Mine in Mali and the Mako Gold Mine in Senegal (90% Resolute, 10% Government of Senegal) — plus the Doropo Gold Project under construction in Côte d'Ivoire (acquired from AngloGold Ashanti in May 2025, FID approved March 2026) and exploration projects in Côte d'Ivoire, Guinea and Senegal. The reported operational base spans approximately 480 km north of Abidjan (Doropo), 300 km southeast of Bamako (Syama) and eastern Senegal (Mako).
The company's mining and processing technology emphasises refractory-ore capability. Syama operates owner-run sub-level cave underground mining producing approximately 2.5 Mtpa of sulphide material, processed through a three-stage crushing/grinding circuit, flotation to produce autothermal concentrate and a proprietary autothermal circulating fluidised-bed roaster at ~720°C, followed by conventional CIL, elution, electrowinning and smelting. The in-progress Syama Sulphide Conversion Project will lift sulphide capacity by 60% (from 2.4 Mtpa to 4.0 Mtpa) by modifying the oxide comminution circuit and upgrading the roaster. Doropo is being developed with a 4.9 Mtpa CIL processing plant (crushing, SAG mill, gold extraction circuit) targeting 169,000 oz/year at an AISC of US$1,406/oz over a 13-year mine life. Global Reserves stand at 6.8 Moz and Resources at 17.6 Moz, and the company is targeting 500,000+ ounces of annual gold production by 2028.
Resolute monetises production by selling gold doré bars directly to refineries and commodity buyers at prevailing spot prices. FY2025 gold revenue was US$863 million on 259,000 ounces sold at an average realised price of $3,338/oz, generating EBITDA of US$383 million (up 20% from US$319 million in FY2024) and a US$209 million net cash position at year-end. The revenue model is undifferentiated commodity sales with no disclosed pricing tiers; AISC serves as the primary economic lever rather than list pricing. Growth is being funded primarily from operating cash flow alongside US$310–360 million of FY2026 capex earmarked for Doropo construction and Syama optimisation, with investor-relations activity (ASX/LSE announcements, analyst conferences such as BMO, Gold Forum Americas and Mining Indaba) functioning as the de facto go-to-market given the commodity nature of the product.
Resolute Mining firmographics
Firmographics- Name
- Resolute Mining
- Legal name
- Resolute Mining Limited
- Website
- https://rml.com.au
- Company type
- Public
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Resolute Mining is an African-focused gold producer dual-listed on the ASX and LSE that operates the Syama mine in Mali and the Mako mine in Senegal, is constructing the Doropo project in Côte d'Ivoire, and targets 500,000+ ounces of annual production by 2028.
- Ownership category
- akta.pro rank
Resolute Mining industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industry
- Precious Metals Smelting & Refining (IMAKAEAE)
Keywords
Where Resolute Mining is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices5 records
Markets served
Resolute Mining business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Gold Production and Sales: Resolute generates revenue through the production and sale of gold from its mining operations. The company sells gold at market prices, with 2025 gold revenue of $863 million from 259,000 ounces sold at an average realized price of $3,338 per ounce.
Distribution channels1 record
Marketing channels4 records
Resolute Mining product offering
Product offeringCore offering
Resolute Mining is an African-focused gold miner that explores, develops, and operates gold mines across West Africa. The company produces and sells gold from its two producing mines (Syama in Mali and Mako in Senegal), with the Doropo Gold Project under construction in Côte d'Ivoire to drive future growth toward 500,000+ ounces annually by 2028.
Product overview
Resolute Mining is an African-focused gold mining company with more than 30 years of experience. The company operates two producing gold mines (Syama in Mali and Mako in Senegal), has one mine under construction (Doropo in Côte d'Ivoire), and maintains several exploration projects including the ABC Project and La Debo in Côte d'Ivoire, Mansala in Guinea, and Tomboronkoto/Bantaco/Laminia in Senegal. The company's portfolio targets production of 500,000+ ounces annually by 2028. Resolute trades on ASX and LSE under ticker RSG.
Differentiator
Problem solved
Functional benefit
Products and services
- Syama Gold Mine
Quantifiable outcome
- 2025 EBITDA of $383 million, a 20% increase from $319 million in 2024
- +3 more outcomes
Companies that use Resolute Mining
Customer profileSegments1 record
Ideal customer profiles2 records
Resolute Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Resolute Mining partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Nimba Mining Company (NMC)coreStrategic partnership between Resolute Mining and Nimba Mining Company S.A., a 100% Guinean state-owned company, to co-develop gold projects in Guinea. The partnership marks NMC's first collaboration with an international listed gold company. Focus areas include jointly assessing mineral resources, conducting geological studies, and developing frameworks for potential large-scale gold production aligned with Guinea's Simandou 2040 Program. Resolute CEO Chris Eger stated the partnership reflects the company's commitment to invest in Guinea where it sees potential to develop a fourth mine.
Scale indicators16 records
Recent moves8 records
Expansion highlights6 records
Resolute Mining competitors and assessment
Company assessmentDirect peers
- Endeavour Mining: West Africa-focused mid-tier gold producer operating multiple mines across Burkina Faso, Côte d'Ivoire, and Senegal. Most directly comparable peer given similar scale (~500k+ oz/yr), West African geographic focus, and multi-asset growth pipeline overlapping with Resolute in Côte d'Ivoire and Senegal.
- Perseus Mining: African-focused gold producer with operating mines in Ghana (Edikan), Côte d'Ivoire (Sissingué), and a growth project in Côte d'Ivoire (Yaouré). Highly comparable to Resolute in scale, jurisdiction mix (notably Côte d'Ivoire overlap), and growth project profile.
- IAMGOLD: Mid-tier gold producer with significant West African exposure (Essakane in Burkina Faso, Côté Lake in Canada). Direct competitor in West African gold with similar mid-cap growth profile and exposure to regional permit and political risks.
- B2Gold: Mid-tier gold producer operating in Mali (Fekola), Namibia, and the Philippines. Comparable scale and multi-asset strategy; Fekola in Mali makes it a direct geographic competitor with overlapping operating environment and political risk exposure.
- Allied Gold Corporation: Africa-focused gold producer with operating mines in Mali (Sadiola, Yatela) and Egypt (Sukari). Closely comparable to Resolute given West African operating focus (Mali overlap), similar mine scale, and parallel exposure to regional permit and political risks.
Broad incumbents
- AngloGold Ashanti: Global gold major with operations across Africa, the Americas, and Australia. Notably the seller of the Doropo Gold Project to Resolute and operates Geita in Tanzania — provides a direct comparable for West African asset economics and divestiture benchmarks.
- Newmont: World's largest gold miner with operations across Africa (Ahafo, Akyem in Ghana), Australia, and the Americas. Provides benchmark for large-scale gold production economics and capital allocation strategy across multiple West African jurisdictions.
- Barrick Gold: Global gold major with significant African exposure (Loulo-Gounkoto in Mali, Kibali in DRC). Direct overlap in Mali with Resolute's Syama operations, providing a comparable on West African operating cost structure and political risk mitigation.
- Kinross Gold: Mid-tier gold producer with operations in West Africa (Tasiast in Mauritania), the Americas, and Russia. Comparable mid-cap gold producer with similar growth project profile (Tasiast expansion) and multi-jurisdictional risk exposure.
- Gold Fields: Global gold producer with significant West African presence through Tarkwa and Damang in Ghana. Comparable multi-jurisdictional African gold producer with established operating track record and similar AISC economics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Resolute Mining social profiles
Digital presenceResolute Mining compliance and trust
Trust signalCompliance4 records
Resolute Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Resolute Mining leadership team
Management profileNumber of profiles
Profiles6 records
Resolute Mining subsidiaries and ownership
Company hierarchySubsidiaries5 records
Resolute Mining funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Resolute Mining M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Resolute Mining
What does Resolute Mining do?
Resolute Mining is an African-focused gold miner that explores, develops, and operates gold mines across West Africa. The company produces and sells gold from its two producing mines (Syama in Mali and Mako in Senegal), with the Doropo Gold Project under construction in Côte d'Ivoire to drive future growth toward 500,000+ ounces annually by 2028.
Is Resolute Mining a public or private company?
Resolute Mining is a public company. It is classified as public and is currently operating.
When was Resolute Mining founded?
Resolute Mining was founded in 1989. It employs 501 to 1,000 people.
Where is Resolute Mining based?
Resolute Mining is headquartered in Perth, Australia, in the Oceania region.
How does Resolute Mining make money?
One revenue line is on record: gold Production and Sales.
Who are Resolute Mining's main competitors?
Direct peers on record are Endeavour Mining, Perseus Mining, IAMGOLD, B2Gold and Allied Gold Corporation. Broad incumbents are AngloGold Ashanti, Newmont, Barrick Gold, Kinross Gold and Gold Fields.
Does Resolute Mining have an API?
No public API is recorded for Resolute Mining.
What industry is Resolute Mining in?
Resolute Mining's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAE, Precious Metals Smelting & Refining. Its NAICS code is 21222 and its SIC code is 1040.