Appendix 4E Preliminary Final Report
FY25 net profit $126.7m vs loss of $26.0m in FY24; revenue up 8% to $865.6m on higher gold prices.
- Revenue $865.6m (prior $801.0m)
- Net profit after tax $126.7m (prior $(26.0)m)
- EBITDA $391.6m (prior $319.5m)
- Operating cash flows $226.6m (prior $115.0m)
- Net cash $209.1m (prior $66.3m)
- Gold produced 258,544 oz (prior 335,708 oz)
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The reporting period of Resolute Mining Limited and its subsidiaries ("Resolute" or the "Group") is the year ended 31 December 2025 with the corresponding reporting period being for the year ended 31 December 2024. Unless otherwise stated, all dollar figures are expressed in United States dollars ($).
Results for Announcement to the Market
| 12 months ended | 12 months ended | |||||
| 31 December 2025 | 31 December 2024 | |||||
| $m | $m | |||||
| Revenue from ordinary activities | Up | 8 | % | to | 865.6 | 801.0 |
| Profit/(loss) for the period | Up | n/a | to | 126.7 | (26.0 | ) |
| Profit/(loss) after tax attributable to members | Up | n/a | to | 110.4 | (28.3 | ) |
| Amount per security | Franked amount per security | |||||
| Dividends | ||||||
| Final dividend (per share) | n/a | n/a | ||||
| Record date for determining entitlements to the final dividend | n/a | n/a | ||||
| Payment date for the final dividend | n/a | n/a | ||||
| Franking | 0% franked | |||||
| 12 months ended | 12 months ended | |||||
| 31 December 2025 | 31 December 2024 | |||||
| $ | $ | |||||
| Net tangible assets backing (per share) 1 | 0.31 | 0.23 | ||||
- Net tangible assets excludes right of use assets from the reported net assets in the statement of financial position.
This Appendix 4E - Preliminary final report has not been subject to audit and there is no audit report provided. This report should be read in conjunction with the Financial Report for the period ended 31 December 2025. The Financial Report for the period ended 31 December 2025 is currently being audited by Ernst & Young and will be finalised for lodgement with the ASX in March 2026.
Summary Financial Performance Review
The financial performance of Resolute for the year ended 31 December 2025 is summarised below:
| Profit and Loss Analysis 1 | 2025 | 2024 | ||
|---|---|---|---|---|
| $m | ||||
| Revenue | 865.6 | 801.0 | ||
| Cost of sales excluding depreciation and amortisation | (352.3 | ) | (393.0 | ) |
| Royalties | (85.8 | ) | (59.2 | ) |
| Administration and other corporate expenses | (23.9 | ) | (19.8 | ) |
| Exploration expenses | (12.0 | ) | (9.5 | ) |
| EBITDA 2 | 391.6 | 319.5 | ||
| Depreciation and amortisation | (121.6 | ) | (129.2 | ) |
| Net interest and finance costs | (6.0 | ) | (3.9 | ) |
| Obsolete consumables movements | (9.3 | ) | (2.9 | ) |
| Fair value movements and treasury transactions | (22.0 | ) | (1.8 | ) |
| Gain on fair value adjustment of investments | 31.5 | - | ||
| Other expenses | (14.2 | ) | (4.6 | ) |
| Share based payment expense | (1.3 | ) | (1.1 | ) |
| Indirect tax expense | (36.8 | ) | (156.9 | ) |
| Net profit before tax | 211.9 | 19.1 | ||
| Income tax expense | (85.2 | ) | (45.1 | ) |
| Reported net profit/(loss) after tax | 126.7 | (26.0 | ) | |
- Amounts presented below are aggregate balances of certain line items presented in the Consolidated Statement of Comprehensive Income.
- This is a non-GAAP measure with no standard meaning under IFRS.
Group earnings before interest, tax, depreciation, and amortisation (EBITDA2) of $391.6 million in 2025 was an improvement on the comparative period. This was primarily due to the higher revenue of $865.6 million from gold sales of 258,544 oz (2024: 335,708 oz) at an average realised price of $3,338/oz (2024: $2,383/oz). It also increased due to a reduction in operating costs at both Syama and Mako.
Indirect tax expense costs of $36.8 million have decreased significantly when compared to 2025. This is due to the Protocol settlement payments of $159.9 million that Resolute made to the Government of Mali in late 2024.
On 14 October 2025, Resolute signed a voting agreement to support the sale of it's 31.45 million shares in Loncor Gold to Chengtun Mining Group Co., Ltd resulting in a $31.5 million fair value adjustment.
Financial Position
Operating cash flows in 2025 were $226.6 million. Cash flow was significantly higher than in 2024 ($115.0 million) and was primarily driven by consistent operations, a focus on reducing costs, and higher realised gold prices throughout the year.
Cash and cash equivalents at 31 December 2025 was $62.6 million. Net cash1,2 was $209.1 million at 31 December 2025 (31 December 2024: $66.3 million). Total borrowings at 31 December 2025 was $57.8 million which are from overdraft facilities in Mali and Senegal.
In 2025, Resolute increased investment in its business with cash spend on evaluation, development, property, plant, and equipment totalling $119.0 million (2024: $104.8 million). This included expenditure on the Syama Sulphide Conversion Project (SSCP) and on the Doropo and ABC projects which were acquired in May 2025.
Syama Gold Mine, Mali
Total gold poured at Syama of 176,341 oz in 2025 was 18% lower than the prior year due to lower head grades at both the sulphide and oxide plants. This was due to increased use of stockpiled material and lower mined grades in the sub-level cave.
Both oxide and sulphide plants maintained high utilisation rates and operated near nameplate capacity of 3.9Mt. The combined ore tonnes mined decreased marginally to 3.0 Mt (vs 3.2 Mt in 2024) as production from the sub-level cave was impacted by disruption of explosive supplies during the second half of the year. The Company has been working on explosive supply chain issues since Q3 and it is not expected to be a major issue in 2026 and moving forward.
Syama's All-In Sustaining Cost (AISC)1 for 2025 was $2,008/oz which was 34% higher than in 2024 ($1,497/oz) and was within the revised guidance ($1,900/oz - 2,050/oz). The increase in AISC in 2025 is mainly attributed to increased royalty payments (a sliding scale regime dependent on gold price under the 2023 Mining Code) as well as a reduction in gold poured when compared to the prior year.
Mako Gold Mine, Senegal
2025 production from Mako was 100,895 oz at an AISC of $1,270/oz which was within the revised guidance range (98-102 koz). Gold production was lower than the prior year as open pit mining ceased in Q2 2025 and the operation transitioned to stockpile processing during the second half of 2025. The plant will continue to process stockpile material into 2026.
The AISC2 marginally increased by 2% in 2025 which was mainly attributable to increased royalty payments due to higher gold prices as well as lower gold production as the operation transitioned to stockpile processing.
1 AISC is a non-GAAP measure that has not been audited and represents all-in sustaining cost.
Consolidated Statement of Comprehensive Income
for the year ended 31 December 2025
| $m | Note | 2025 | 2024 | ||
|---|---|---|---|---|---|
| Revenue from gold and silver sales | 1 | 865.6 | 801.0 | ||
| Costs of production | 1 | (352.3 | ) | (393.0 | ) |
| Gross profit | 513.3 | 408.0 | |||
| Depreciation and amortisation | 1 | (121.6 | ) | (129.2 | ) |
| Royalties | 1 | (85.8 | ) | (59.2 | ) |
| Gross profit from operations | 1 | 305.9 | 219.6 | ||
| 1 | |||||
| Interest income | 1 | 6.6 | 5.0 | ||
| Other expenses | 1 | (14.2 | ) | (4.6 | ) |
| Gain on fair value adjustment on investments | 1 | 31.5 | - | ||
| Exploration expense | 1 | (12.0 | ) | (9.5 | ) |
| Administration and other corporate expenses | 1 | (23.9 | ) | (19.8 | ) |
| Share based payment expense | 1 | (1.3 | ) | (1.1 | ) |
| Fair value movements and treasury transactions | 1 | (22.0 | ) | (1.8 | ) |
| Obsolete consumables movements | 1 | (9.3 | ) | (2.9 | ) |
| Finance costs | 1 | (12.6 | ) | (8.9 | ) |
| Indirect tax expense | 1 | (36.8 | ) | (156.9 | ) |
| Profit before tax from operations | 211.9 | 19.1 | |||
| Tax expense | 1 | (85.2 | ) | (45.1 | ) |
| Profit/(loss) for the year from continuing operations | 126.7 | (26.0 | ) | ||
| Gain/(loss) attributable to the parent | 110.4 | (28.3 | ) | ||
| Non-controlling interest | 16.3 | 2.3 | |||
| Profit/(loss) for the year | 126.7 | (26.0 | ) | ||
| Consolidated Statement of Comprehensive Income (continued) | |||||
| for the year ended 31 December 2025 | |||||
| $m | Note | 2025 | 2024 | ||
| Profit/(loss) for the year (brought forward) | 126.7 | (26.0 | ) | ||
| Exchange differences on translation of foreign operations: | |||||
| - Members of the parent | 52.4 | (25.2 | ) | ||
| - Non-controlling interest | (4.8 | ) | 3.5 | ||
| Other comprehensive income/(loss) for the year, net of tax | 47.6 | (21.7 | ) | ||
| Total comprehensive income/(loss) for the year | 174.3 | (47.7 | ) | ||
| Total comprehensive gain/(loss) attributable to: | |||||
| Members of the parent | 162.8 | (53.5 | ) | ||
| Non-controlling interest | 11.5 | 5.8 | |||
| Total comprehensive income/(loss) for the year | 174.3 | (47.7 | ) | ||
| Earnings per share | Cents | Cents | |||
| Earnings/(loss) per share | 3 | 5.18 | (1.33 | ) | |
| Diluted earnings/(loss) per share | 3 | 5.14 | (1.33 | ) | |
| Consolidated Statement of Financial Position | |||||
| for the year ended 31 December 2025 | |||||
| $m | Note | 2025 | 2024 | ||
| Current assets | |||||
| Cash | 62.6 | 69.3 | |||
| Fixed term deposits | 68.1 | - | |||
| Other financial assets - restricted cash | 1.9 | 1.5 | |||
| Receivables | 4 | 18.4 | 30.6 | ||
| Inventories | 6 | 129.3 | 128.6 | ||
| Prepayments and other assets | 14.2 | 12.4 | |||
| Investment at fair value through profit and loss | 31.5 | - | |||
| Income tax asset | - | 1.7 | |||
| Total current assets | 326.0 | 244.0 | |||
| Non current assets | |||||
| Receivables | 4 | 111.2 | 80.2 | ||
| Inventories | 6 | 42.9 | 42.6 | ||
| Exploration assets 1 | 194.9 | 14.0 | |||
| Development assets | 219.6 | 232.5 | |||
| Property, plant and equipment | 251.0 | 199.3 | |||
| Right of use asset | 4.5 | 7.0 | |||
| Total non current assets | 824.1 | 575.5 | |||
| Total assets | 1,150.1 | 819.6 | |||
| Current liabilities | |||||
| Payables | 100.9 | 119.4 | |||
| Financial liabilities | 5 | 124.9 | 34.4 | ||
| Provisions | 7 | 18.4 | 20.9 | ||
| Current tax liabilities | 77.3 | 59.9 | |||
| Lease liabilities | 0.5 | 3.1 | |||
| Total current liabilities | 322.0 | 237.7 | |||
| Non current liabilities | |||||
| Provisions | 7 | 99.7 | 92.4 | ||
| Financial liabilities | 5 | 69.7 | - | ||
| Lease liabilities | 6.4 | 6.2 | |||
| Total non current liabilities | 175.8 | 98.6 | |||
| Total liabilities | 497.9 | 336.3 | |||
| Net assets | 652.2 | 483.2 | |||
| Equity attributable to equity holders of the parent | |||||
| Total Contributed Equity | 882.7 | 882.7 | |||
| Reserves | (11.2 | ) | (64.9 | ) | |
| Accumulated losses | (169.7 | ) | (280.1 | ) | |
| Total equity attributable to equity holders of the parent | 701.8 | 537.8 | |||
| Non-controlling interest | (49.6 | ) | (54.6 | ) | |
| Total equity | 652.2 | 483.2 | |||
1The exploration assets includes the Doropo and ABC projects which were acquired in May 2025.
Consolidated Statement of Changes in Equity
for the year ended 31 December 2025
| $m | Contributed equity | Net unrealised loss reserve | Convertible notes/ Share options equity reserve | Non-controlling interests reserve | Employee equity benefits reserve | Foreign currency translation reserve | Accumulated losses | Non-controlling interest | Total | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1 January 2025 | 882.7 | (9.7 | ) | 4.3 | (0.6 | ) | 23.3 | (82.2 | ) | (280.1 | ) | (54.6 | ) | 483.2 |
| Profit for the period | - | - | - | - | - | - | 110.4 | 16.3 | 126.7 | |||||
| Other comprehensive income/(loss), net of tax | - | - | - | - | 52.4 | - | (4.8 | ) | 47.6 | |||||
| Total comprehensive income for the period, net of tax | - | - | - | - | - | 52.4 | 110.4 | 11.5 | 174.3 | |||||
| Dividends declared | - | - | - | - | - | - | - | (6.6 | ) | (6.6 | ) | |||
| Share-based payments to employees | - | - | - | - | 1.3 | - | - | - | 1.3 | |||||
| At 31 December 2025 | 882.7 | (9.7 | ) | 4.3 | (0.6 | ) | 24.6 | (29.7 | ) | (169.7 | ) | (49.6 | ) | 652.2 |
| At 1 January 2024 | 882.7 | (9.7 | ) | 4.3 | (0.6 | ) | 22.2 | (57.0 | ) | (251.8 | ) | (48.0 | ) | 542.2 |
| Loss for the period | - | - | - | - | - | - | (28.3 | ) | 2.3 | (26.0 | ) | |||
| Other comprehensive loss, net of tax | - | - | - | - | - | (25.2 | ) | - | 3.5 | (21.7 | ) | |||
| Total comprehensive loss for the period, net of tax | - | - | - | - | - | (25.2 | ) | (28.3 | ) | 5.8 | (47.7 | ) | ||
| Share-based payment to employees | - | - | - | - | 1.1 | - | - | - | 1.1 | |||||
| At 31 December 2024 | 882.7 | (9.7 | ) | 4.3 | (0.6 | ) | 23.3 | (82.2 | ) | (280.1 | ) | (54.6 | ) | 483.2 |
| Consolidated Cash Flow Statement | ||||||||||||||
| for the year ended 31 December 2025 | ||||||||||||||
| $m | 2025 | 2024 | ||||||||||||
| Cash flows from operating activities | ||||||||||||||
| Receipts from customers | 865.6 | 801.0 | ||||||||||||
| Payments to suppliers, employees and others | (564.4 | ) | (509.1 | ) | ||||||||||
| Exploration expenditure | (3.5 | ) | (5.2 | ) | ||||||||||
| Interest paid | (4.9 | ) | (4.8 | ) | ||||||||||
| Interest received | 1.9 | 0.3 | ||||||||||||
| Indirect tax payments | (9.2 | ) | - | |||||||||||
| Malian State Settlement Protocol | - | (159.9 | ) | |||||||||||
| Income tax paid | (58.9 | ) | (7.2 | ) | ||||||||||
| Net cash flows from operating activities | 226.6 | 115.0 | ||||||||||||
| Cash flows used in investing activities | ||||||||||||||
| Payments for property, plant & equipment | (70.0 | ) | (72.7 | ) | ||||||||||
| Payments for development activities | (18.6 | ) | (23.7 | ) | ||||||||||
| Payments for evaluation activities | (30.4 | ) | (8.4 | ) | ||||||||||
| Doropo Acquisition | (27.4 | ) | - | |||||||||||
| Other investing activities | (0.8 | ) | (0.8 | ) | ||||||||||
| Investment in term deposits | (68.1 | ) | - | |||||||||||
| Deferred consideration from sale of Ravenswood Mine | - | 34.4 | ||||||||||||
| Extension Fee on Ravenswood Promissory Note | - | 0.8 | ||||||||||||
| Net cash flows used in investing activities | (215.3 | ) | (70.4 | ) | ||||||||||
| Cash flows used in financing activities | ||||||||||||||
| Repayment of borrowings | - | (25.0 | ) | |||||||||||
| Dividends paid to non-controlling interest | (12.0 | ) | (6.9 | ) | ||||||||||
| Repayment of short term finance facilities | - | (0.9 | ) | |||||||||||
| Repayment of principal portion of lease liability | (3.8 | ) | (3.7 | ) | ||||||||||
| Net cash flows used in financing activities | (15.8 | ) | (36.5 | ) | ||||||||||
| Net increase in cash and cash equivalents | (4.5 | ) | 8.1 | |||||||||||
| Cash and cash equivalents at the beginning of the year | 69.3 | 59.8 | ||||||||||||
| Exchange rate adjustment | (2.2 | ) | 1.4 | |||||||||||
| Cash and cash equivalents at the end of the year | 62.6 | 69.3 | ||||||||||||
The above consolidated cash flow statement should be read in conjunction with the accompanying notes
Notes to the Preliminary Final Report
for the year ended 31 December 2025
About this Report
The preliminary final report of Resolute Mining Limited and its subsidiaries for the year ended 31 December 2025 was authorised for issue in accordance with a resolution of directors.
Resolute Mining Limited (the parent) is a for profit company limited by shares incorporated and domiciled in Australia whose shares are publicly traded on the Australian Securities Exchange and the London Stock Exchange.
Basis of Preparation
This report is based on accounts that are in the process of being audited.
This report does not include all the notes normally included in an Annual Financial Report. Accordingly, this report is to be read in conjunction with the financial report for the year ended 31 December 2025 and any public announcements made by Resolute during the reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.
Notes to the Preliminary Final Report
for the year ended 31 December 2025
Segment revenues and expenses
| For the year ended 31 December 2025 | Syama | Mako | Doropo | Corporate/ Other (a) | Total | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| $'m | $'m | $'m | $'m | $'m | ||||||
| Revenue from gold and silver sales | 539.1 | 326.5 | - | - | 865.6 | |||||
| Costs of production | (254.0 | ) | (98.3 | ) | - | - | (352.3 | ) | ||
| Segment gross profit | 285.1 | 228.2 | - | - | 513.3 | |||||
| Depreciation and amortisation | (66.8 | ) | (54.1 | ) | (0.2 | ) | (0.5 | ) | (121.6 | ) |
| Royalties | (69.5 | ) | (16.3 | ) | - | - | (85.8 | ) | ||
| Segment gross profit from operations | 148.8 | 157.8 | (0.2 | ) | (0.5 | ) | 305.9 | |||
| Interest income | - | 1.7 | - | 4.8 | 6.6 | |||||
| Other income/ (expense) | 1.1 | 1.0 | (1.4 | ) | (15.0 | ) | (14.2 | ) | ||
| Gain on fair value adjustment on investments | - | - | - | 31.5 | 31.5 | |||||
| Exploration expense | (0.9 | ) | (8.7 | ) | (0.6 | ) | (1.7 | ) | (12.0 | ) |
| Administration and other corporate expenses | - | - | - | (23.9 | ) | (23.9 | ) | |||
| Share based payment expense | - | - | - | (1.3 | ) | (1.3 | ) | |||
| Fair value movements and treasury transactions | (40.0 | ) | 11.1 | 7.5 | (0.5 | ) | (22.0 | ) | ||
| Obsolete consumables movements | (8.9 | ) | (0.5 | ) | - | - | (9.3 | ) | ||
| Finance costs | (4.4 | ) | (1.8 | ) | - | (6.4 | ) | (12.6 | ) | |
| Indirect tax expense | (34.1 | ) | (2.6 | ) | (0.1 | ) | - | (36.8 | ) | |
| Profit before tax from operations | 61.7 | 158.1 | 5.2 | (13.1 | ) | 211.9 | ||||
| Income tax expense | (21.7 | ) | (63.9 | ) | - | 0.4 | (85.2 | ) | ||
| Profit/(loss) for the year from continuing operations | 39.9 | 94.2 | 5.2 | (12.6 | ) | 126.7 |
- This information does not represent an operating segment as defined by AASB 8 'Operating Segments' and forms part of the reconciliation of the results and positions of the operating segments to the financial statements.
- Presentation of segments consists of 2 operating mines (Syama and Mako) and the Doropo and ABC project, which was acquired in May 2025.
Notes to the Preliminary Final Report
for the year ended 31 December 2025
Segment revenues and expenses (continued)
| For the year ended 31 December 2024 | Mako (Senegal) | Syama (Mali) | Corp/Other (a) | Total | ||||
|---|---|---|---|---|---|---|---|---|
| $m | $'m | $'m | $'m | $'m | ||||
| Revenue from gold and silver sales | 288.3 | 512.6 | - | 801.0 | ||||
| Costs of production | (134.7 | ) | (258.3 | ) | - | (393.0 | ) | |
| Segment gross profit | 153.6 | 254.3 | - | 408.0 | ||||
| Depreciation and amortisation | (66.1 | ) | (62.0 | ) | (1.1 | ) | (129.2 | ) |
| Royalties | (14.4 | ) | (44.7 | ) | - | (59.2 | ) | |
| Segment gross profit from operations | 73.1 | 147.6 | (1.1 | ) | 219.6 | |||
| Interest income | 0.9 | 0.1 | 3.9 | 5.0 | ||||
| Exploration expense | (3.7 | ) | (5.6 | ) | (0.2 | ) | (9.5 | ) |
| Administration and other corporate expenses | - | - | (19.8 | ) | (19.8 | ) | ||
| Share based payment expense | - | - | (1.1 | ) | (1.1 | ) | ||
| Fair value movements and treasury transactions | 4.3 | (8.4 | ) | 2.3 | (1.8 | ) | ||
| Obsolete consumables movements | (1.1 | ) | (1.8 | ) | - | (2.9 | ) | |
| Finance costs | (1.9 | ) | (6.0 | ) | (1.0 | ) | (8.9 | ) |
| Indirect tax expense | (26.9 | ) | (118.8 | ) | (11.2 | ) | (156.9 | ) |
| Other income | (1.6 | ) | (0.3 | ) | (2.7 | ) | (4.6 | ) |
| Profit before tax from operations | 43.1 | 6.8 | (30.8 | ) | 19.1 | |||
| Tax expense | (24.9 | ) | (20.3 | ) | 0.1 | (45.1 | ) | |
| Profit for the year from continuing operations | 18.3 | (13.5 | ) | (30.8 | ) | (26.0 | ) |
- This information does not represent an operating segment as defined by AASB 8 'Operating Segments' and forms part of the reconciliation of the results and positions of the operating segments to the financial statements.
Notes to the Preliminary Final Report
for the year ended 31 December 2025
Dividends paid or proposed
No dividend has been declared for the year ended 31 December 2025.
Earnings per share (EPS)
| $m | 31. December 2025 | 31. December 2024 | ||
|---|---|---|---|---|
| Operating profit/(loss) after tax from continuing operation and preference dividends | 110.4 | (28.3 | ) | |
| Weighted average number of ordinary shares outstanding during the year used in the calculation of basic EPS | 2,129,696,013 | 2,129,050,013 | ||
| Weighted average number of ordinary shares outstanding during the year used in the calculation of diluted EPS | 2,148,954,713 | 2,129,050,013 | ||
| Earnings per share | Cents | Cents | ||
| Earnings/(loss) per share | 5.18 | (1.33 | ) | |
| Diluted earnings/(loss) per share | 5.14 | (1.33 | ) | |
| 1. Receivables | ||||
| 31 December 2025 | 31 December 2024 | |||
| $m | $m | |||
| Current | ||||
| Trade receivables | 2.6 | 1.2 | ||
| Taxation receivables | 15.8 | 29.5 | ||
| Total | 18.4 | 30.6 | ||
| Non-current | ||||
| Promissory notes receivables | 50.1 | 42.0 | ||
| Taxation receivables | 61.1 | 38.1 | ||
| Total | 111.2 | 80.2 | ||
| Notes to the Preliminary Final Report | ||||
| for the year ended 31 December 2025 | ||||
| 1. Financial liabilities | ||||
| 31 December 2025 | 31 December 2024 | |||
| $m | $m | |||
| Current | ||||
| Bank overdraft | 46.2 | 34.2 | ||
| Doropo deferred consideration | 75.3 | - | ||
| Borrowings | 3.4 | 0.2 | ||
| Total | 124.9 | 34.4 | ||
| Non-current | ||||
| Doropo deferred consideration | 61.5 | - | ||
| Borrowings | 8.2 | - | ||
| Total | 69.7 | - | ||
| 1. Inventories | ||||
| 31 December 2025 | 31 December 2024 | |||
| $m | $m | |||
| Doré bars | 46.3 | 17.4 | ||
| Gold in circuit | 42.4 | 47.8 | ||
| Ore stockpiles | 29.9 | 53.4 | ||
| Consumables, spare parts and supplies | 53.6 | 52.6 | ||
| Total inventories | 172.2 | 171.2 | ||
| Less: non-current metal inventories | (42.9 | ) | (42.6 | ) |
| Current portion of inventories | 129.3 | 128.6 | ||
| 1. Provisions | ||||
| 31 December 2025 | 31 December 2024 | |||
| $m | $m | |||
| Current | ||||
| Site restoration | 2.2 | 2.2 | ||
| Employee entitlements | 11.5 | 10.6 | ||
| Dividend payable | - | 5.6 | ||
| Other provisions | 4.7 | 2.4 | ||
| Total | 18.4 | 20.9 | ||
| Non-current | ||||
| Site restoration | 99.5 | 92.2 | ||
| Employee entitlements | 0.2 | 0.2 | ||
| Total | 99.7 | 92.4 | ||
Notes to the Preliminary Final Report
for the year ended 31 December 2025
Subsequent events
Doropo Gold Project Mining Permit
On 5 February 2026, the Council of Ministers formally announced the granting of the mining permit for the Doropo Gold Project in Côte d'Ivoire. The permit is valid for an initial term of 14 years, with the option to extend. Receipt of the Doropo mining permit represents a significant step toward Resolute's ambition to become a leading multi-asset gold producer in West Africa. This milestone supports the Company's strategy to increase annual gold production to more than 500 koz by the end of 2028 and reinforces its commitment to disciplined growth and long-term shareholder value.
Loncor Shareholding
On 11 February 2026, Resolute completed the sale of its shareholding in TSX-listed Loncor Gold Inc. to Chengtun Mining Group Co., Ltd. for cash consideration of $43.4 million CAD ($31.45 million USD).
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.