Resolute Mining Limited
RSG · Main Market · Basic Resources · mcap £1,250m · 60.0p
Financials · balance sheet 30 Jun 26 · last twelve months · today’s market value
Source: results 20 Aug 26 ↗
- Market cap
- £1,282m
- Owner’s net cash
- £12.4m
- Net cash / market cap
- 1%
- EV ex leases
- £1,254m
- Price / tangible book
- 2.09×
Share price × shares in issue (from the company’s voting-rights notices)flags: shares_assumed_constant
Net cash ex leases − Pension deficit − Deferred consideration − Paid out since£12.4m − £0.0m − £0.0m − £0.0m = £12.4m
Owner’s net cash ÷ Market cap£12.4m ÷ £1,282m
Market cap + Borrowings − Cash + Pension deficit + Deferred consideration + Non-controlling interests − Associates & JVs + Paid out since£1,282m + £118.7m − £131.1m + £0.0m + £0.0m + −£16.5m − £0.0m + £0.0m = £1,254m
Market cap ÷ Tangible book£1,282m ÷ £612.9m
Market value
- Market cap
- £1,282m
Share price × shares in issue (from the company’s voting-rights notices)flags: shares_assumed_constant
Cash and debt · balance sheet 2026-06-30
- Cash
- £131.1m
- Borrowings
- £118.7m
- Net cash / (debt) ex leases
- £12.4m
- Lease liabilities
- £6.1m
- Owner’s net cash
- £12.4m
- Net cash / market cap
- 1%
- Cash − total liabilities
- −£223.3m
Balance sheet 2026-06-30
Borrowings, current + Borrowings, non-current£60.6m + £58.1m
Cash − Borrowings£131.1m − £118.7m = £12.4m
Lease liabilities, current + non-current (left out of net cash and EV ex leases)£0.6m + £5.5m
Net cash ex leases − Pension deficit − Deferred consideration − Paid out since£12.4m − £0.0m − £0.0m − £0.0m = £12.4m
Owner’s net cash ÷ Market cap£12.4m ÷ £1,282m
Cash − Total liabilities (the strictest view: cash covers everything owed)£131.1m − £354.4m = −£223.3m
Last twelve months · LTM incomplete
- Revenue
- –
- Operating profit
- –
- EBITDA (pre-IFRS 16)
- –
- Net income (owners)
- –
- Cash from operations
- –
- Free cash flow after leases
- –
Revenue, last twelve monthsLTM incomplete
Operating profit, last twelve monthsmissing
Operating profit + Depreciation (owned assets) + Amortisation
Net income (owners), last twelve monthsLTM incomplete
Cash from operations, last twelve monthsLTM incomplete
Cash from operations − Capex (PP&E) − Capex (intangibles) − Lease principal paid − Lease interest paid
Enterprise value
- EV ex leases
- £1,254m
- EV incl. leases
- £1,260m
Market cap + Borrowings − Cash + Pension deficit + Deferred consideration + Non-controlling interests − Associates & JVs + Paid out since£1,282m + £118.7m − £131.1m + £0.0m + £0.0m + −£16.5m − £0.0m + £0.0m = £1,254m
EV ex leases + Lease liabilities£1,254m + £6.1m
Valuation at today’s market cap
- EV / EBIT
- –
- EV / EBITDA
- –
- FCF yield
- –
- Price / book
- 2.09×
- Tangible book
- £612.9m
- Price / tangible book
- 2.09×
- NCAV (net current asset value)
- −£2.9m
- Price / NCAV
- –
- Net-net working capital
- −£165.5m
EV ex leases ÷ Operating profit (LTM)£1,254m ÷ –
EV ex leases ÷ EBITDA (pre-IFRS 16)£1,254m ÷ –
Free cash flow after leases ÷ Market cap– ÷ £1,282m
Market cap ÷ Total equity£1,282m ÷ £612.9m
Total equity − Goodwill − Other intangibles£612.9m − £0.0m − £0.0m
Market cap ÷ Tangible book£1,282m ÷ £612.9m
Current assets − Total liabilities£351.4m − £354.4m
Market cap ÷ NCAV£1,282m ÷ −£2.9m
Cash + 75% × Trade receivables + 50% × Inventories − Total liabilities£131.1m + 0.75 × £4.5m + 0.5 × £108.9m − £354.4m
Returns and quality
- ROCE
- –
- ROE
- –
- Current ratio
- 1.61×
- Net debt / EBITDA
- net cash
- Accruals ratio
- –
Operating profit (LTM) ÷ (Total assets − Current liabilities)– ÷ (£967.3m − £218.4m) = – ÷ £748.8m
Net income (owners, LTM) ÷ Total equity– ÷ £612.9m
Current assets ÷ Current liabilities£351.4m ÷ £218.4m
(Borrowings − Cash) ÷ EBITDA (pre-IFRS 16)
(Net income − Cash from operations) ÷ Total assets – high: profit not backed by cash(– − –) ÷ £967.3m
H1 26 vs H1 25 · results 20 Aug 26 ↗
- Revenue
- £435m +26%
- Net income
- £95.3m +110%
- Cash from operations
- £206m +140%
Hover or tap a figure for its formula and the values used – the names are the line names of the key figures below. Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
The statement exactly as printed in one results announcement – its own columns (the period and its comparatives), lines and headings, in the company's currency and units. Choose the report above; to compare several years, use Key figures.
Standardised line items in £m, comparable across companies – figures the company reported in USD are converted to £ at the average rate of each period (balance sheets: at the date); when a later report restated a period, the later figure is shown and marked r (hover for the figure first reported). Italic = calculated (LTM, H2 = FY − H1); a year of other than 12 months is marked (15m). Hover a value for its source.
Trading update 21 Sep 26below6 figures since the last report
Syama gold production revised down to 150-160 koz for 2026 due to Mali operating challenges; group guidance cut to 205-225 koz.
| Syama 2026 gold production guidance | 150 - 160 koz | |
| Syama 2026 AISC guidance | $2,300 - 2,400 /oz | |
| Group 2026 gold production guidance | 205 - 225 koz | |
| Group 2026 AISC guidance | $2,250 - 2,350 /oz | |
| Q2 2026 Syama production | 30 koz | 74 koz H1 2026 |
| Q2 2026 Syama AISC | $2,654/oz |
As stated by the company, unaudited. Read it →
Latest report: H1 26 (six months to 30 Jun 26), published 20 Aug 26 · read the results ↗
| 2026 $m | 2025 $m | |
|---|---|---|
| Revenue from gold and silver sales | 584.7 | 447.5 |
| Costs of production | (188.8) | (175.0) |
| Gross profit | 395.9 | 272.5 |
| Depreciation and amortisation | (53.5) | (66.3) |
| Royalties | (52.3) | (31.2) |
| Gross profit from operations | 290.1 | 175.0 |
| Interest Income | 7.6 | 2.6 |
| Other (expense)/income | 2.4 | (7.9) |
| Exploration expense | (4.3) | (2.3) |
| Administration and other corporate expenses | (15.4) | (10.3) |
| Share based payment expense | (1.1) | (0.6) |
| Fair value movements and treasury transactions | (26.1) | 3.4 |
| Inventories net realisable value movements and obsolete consumables | (8.9) | (5.3) |
| Finance costs | (6.8) | (5.8) |
| Indirect tax expense | - | (24.7) |
| Profit before tax | 237.5 | 124.1 |
| Income tax expense | (74.9) | (53.1) |
| Profit for the period | 162.6 | 71.0 |
| Profit attributable to | ||
| Members of the parent | 128.2 | 58.8 |
| Non-controlling interest | 34.4 | 12.2 |
| Profit for the period | 162.6 | 71.0 |
| (continued) | ||
| For the half year ended 30 June For the half year ended 30 June | ||
| Total for the half year ended 30 June For the half year ended 30 June | 2026 | 2025 |
| Profit for the period (brought forward) | 162.6 | 71.0 |
| Other comprehensive income/(loss) | ||
| Items that may be reclassified subsequently to profit or loss | ||
| Exchange differences on translation of foreign operations: - Members of the parent | (23.9) | 32.3 |
| - Non-controlling interest | 1.1 | 3.1 |
| Other comprehensive loss for the period, net of tax | (22.8) | 35.4 |
| Total comprehensive income for the period | 139.8 | 106.4 |
| Total comprehensive income attributable to | ||
| Members of the parent | 104.3 | 91.1 |
| Non-controlling interest | 35.5 | 15.3 |
| Total comprehensive income for the period | 139.8 | 106.4 |
| 30 June 2026 $m | 31 December 2025 $m | |
|---|---|---|
| Current assets | ||
| Cash | 173.7 | 62.6 |
| Fixed term deposits | 112.4 | 68.1 |
| Other financial assets - restricted cash | 3.5 | 1.9 |
| Receivables | 5.9 | 11.0 |
| Inventories | 144.4 | 150.7 |
| Prepayments and other assets | 25.9 | 14.4 |
| Loncor proceeds | - | 31.5 |
| Total current assets | 465.8 | 340.2 |
| Non-current assets | ||
| Receivables | 68.8 | 118.2 |
| Inventories | 39.2 | 50.0 |
| Exploration assets | 53.0 | 197.3 |
| Development assets | 385.9 | 216.9 |
| Property, plant and equipment | 263.6 | 251.6 |
| Right of use asset | 5.7 | 4.5 |
| Total non-current assets | 816.2 | 838.5 |
| Total assets | 1,282.0 | 1,178.7 |
| Current liabilities | ||
| Payables | 144.9 | 89.9 |
| Financial liabilities | 80.3 | 124.9 |
| Provisions | 18.6 | 31.8 |
| Current tax liabilities | 44.9 | 72.3 |
| Lease liabilities | 0.8 | 0.5 |
| Total current liabilities | 289.5 | 319.4 |
| Non-current liabilities | ||
| Financial liabilities | 77.0 | 69.7 |
| Provisions | 95.9 | 99.7 |
| Lease liabilities | 7.3 | 6.4 |
| Total non-current liabilities | 180.2 | 175.8 |
| Total liabilities | 469.7 | 495.2 |
| Net assets | 812.3 | 683.5 |
| (continued) | ||
| Equity attributable to equity holders of the parent | ||
| Contributed equity | 882.7 | 882.7 |
| Reserves | (25.4) | (2.6) |
| Accumulated loss | (23.1) | (151.3) |
| Total equity attributable to equity holders of the parent | 834.2 | 728.8 |
| Non-controlling interest | (21.9) | (45.3) |
| Total equity | 812.3 | 683.5 |
| 2026 $m | 2025 $m | |
|---|---|---|
| Cash flows from operating activities | ||
| Receipts from customers | 584.7 | 447.5 |
| Payments to suppliers, employees and others | (215.0) | (259.4) |
| Exploration expenditure | (1.2) | (1.0) |
| Interest paid | (1.3) | (6.6) |
| Interest received | 2.6 | 2.6 |
| Indirect tax paid | (44.5) | (26.7) |
| Income tax paid | (47.7) | (45.1) |
| Cash flows from operating activities | 277.6 | 111.3 |
| Cash flows used in investing activities | ||
| Payments for property, plant & equipment | (41.5) | (31.1) |
| Payments for development activities | (41.0) | (15.3) |
| Payments for evaluation activities | (14.5) | (11.4) |
| Doropo Acquisition | - | (27.4) |
| Investments in term deposits | (109.1) | - |
| Investment income from term deposits | 4.3 | - |
| Other investing activities | (0.3) | (0.4) |
| Loncor proceeds | 31.9 | - |
| Ravenswood proceeds | 53.9 | - |
| Cash flows used in investing activities | (116.3) | (85.6) |
| Cash flows used in financing activities | ||
| Equipment financing | (2.2) | - |
| Dividend paid to non-controlling interest | (10.6) | - |
| Repayment of borrowings | (39.1) | - |
| Repayment of principal portion of lease liability | (0.4) | (1.1) |
| Cash flows used in financing activities | (52.3) | (1.1) |
| Increase in cash and cash equivalents | 109.0 | 24.6 |
| Cash and cash equivalents at the beginning of the period | 62.6 | 69.3 |
| Exchange rate adjustment | 2.1 | 2.3 |
| Cash and cash equivalents at the end of the period | 173.7 | 96.2 |
| H1 26 | vs H1 25 | H1 25 | |
|---|---|---|---|
| Revenue to operating profit | |||
| Revenue | 434.8 | +26% | 345.4 |
| Gross profit | 294.4 | +40% | 210.3 |
| EBITDA | 240.8 | +36% | 176.6 |
| Amortisation | (39.8) | −22% | (51.2) |
| Share-based payments | (0.8) | +77% | (0.5) |
| Operating profit to net income | |||
| Fair value gains / losses | (19.4) | n/m | 2.6 |
| Finance costs | (5.1) | +13% | (4.5) |
| Profit before tax | 176.6 | +84% | 95.8 |
| Tax | (55.7) | +36% | (41.0) |
| Net income (owners) | 95.3 | +110% | 45.4 |
| Per share | |||
| EPS basic | 4.5p | – | 2.1p |
| EPS diluted | 4.5p | – | 2.1p |
| 30 Jun 26 | 31 Dec 25 | |
|---|---|---|
| Non-current assets | ||
| Property, plant & equipment | 198.9 | 186.8 |
| Non-current assets | 615.8 | 622.6 |
| Current assets | ||
| Inventories | 108.9 | 111.9 |
| Trade receivables | 4.5 | 8.2 |
| Cash | 131.1 | 46.5 |
| Current assets | 351.4 | 252.6 |
| Total assets | 967.3 | 875.2 |
| Current liabilities | ||
| Trade payables | 109.3 | 66.8 |
| Borrowings, current | 60.6 | 92.7 |
| Lease liabilities, current | 0.6 | 0.4 |
| Current liabilities | 218.4 | 237.2 |
| Non-current liabilities | ||
| Borrowings, non-current | 58.1 | 51.8 |
| Lease liabilities, non-current | 5.5 | 4.8 |
| Non-current liabilities | 136.0 | 130.5 |
| Total liabilities | 354.4 | 367.7 |
| Equity | ||
| Non-controlling interests | (16.5) | (33.6) |
| Total equity | 612.9 | 507.5 |
| Net cash and other figures | ||
| Net cash / (debt) ex leases | 239.5 | – |
| 30 Jun 26 | 30 Jun 25 | |
|---|---|---|
| Non-current assets | ||
| Property, plant & equipment | 198.9 | – |
| Non-current assets | 615.8 | – |
| Current assets | ||
| Inventories | 108.9 | – |
| Trade receivables | 4.5 | – |
| Cash | 131.1 | – |
| Current assets | 351.4 | – |
| Total assets | 967.3 | – |
| Current liabilities | ||
| Trade payables | 109.3 | – |
| Borrowings, current | 60.6 | – |
| Lease liabilities, current | 0.6 | – |
| Current liabilities | 218.4 | – |
| Non-current liabilities | ||
| Borrowings, non-current | 58.1 | – |
| Lease liabilities, non-current | 5.5 | – |
| Non-current liabilities | 136.0 | – |
| Total liabilities | 354.4 | – |
| Equity | ||
| Non-controlling interests | (16.5) | – |
| Total equity | 612.9 | – |
| Net cash and other figures | ||
| Net cash / (debt) ex leases | 239.5 | 80.1 |
No annual income statement figures were extracted for this company yet. See the latest results ↗
No annual cash flow figures were extracted for this company yet. See the latest results ↗
Read automatically from each results announcement. Check the source before relying on a figure.
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Company filings. Not investment advice.