Resolute Mining Limited (RSG): Profit warning
This situation live
RSG Resolute Mining Limited
5 Jun 2026 · profit warning · -6% on the day · +11% until the next step
In the underground operations, grades have been lower than expected due to intermittent blasting performance and temporary disruption in supply of explosives following the recent in-country security s
21 Sep 2026 · profit warning · second in 12 months · −18% since
Since the Company's Q2 2026 Activities Report, production at Syama has remained below plan due to the challenging operating environment in Mali, which continues to impact performance across undergroun
Profit warning
profit warning · second in 12 months
Directionbelow expectations / warning
Reaction on the day−6%
In 12 months2 statements in the same direction
Company's wordsSince the Company's Q2 2026 Activities Report, production at Syama has remained below plan due to the challenging operating environment in Mali, which continues to impact performance across underground mining, open pit mining and sulphide processing. ↗
As of 21 Sep 2026 ↗
Since Oct 2023: 661 situations of this kind; median share price +2% six months after they opened
NOV30
Next: Emulsion plant commissioning; Q4 Syama output of 45-50 koz in 34 days
Every step · 2
- 5 Jun 2026 profit warning · -6% on the day – In the underground operations, grades have been lower than expected due to intermittent blasting performance and temporary disruption in supply of... ↗
- 21 Sep 2026 profit warning · second in 12 months – Since the Company's Q2 2026 Activities Report, production at Syama has remained below plan due to the challenging operating environment in Mali, which... ↗
What is happening
Resolute Mining Limited: Profit warning – profit warning · second in 12 months. ['profit warning · second in 12 months']
- In short
- Mali security and supply problems cut Syama Q2 output (5 June 2026) and pushed Syama to the lower end of guidance (20 August 2026). On 21 September 2026 Resolute cut Syama 2026 output to 150-160 koz and Group output to 205-225 koz. July and August produced only 15.5 koz. Recovery relies on an emulsion plant and a new mining contractor.
- Announced
- 5 Jun 2026 · profit warning · -6% on the day
- Latest
- 21 Sep 2026 · profit warning · -6% on the day
- Guidance
- Group production around lower end of 250-275 koz; AISC $2,000-2,200/oz maintained
- Mitigation
- Onsite emulsion plant commissioning planned by November 2026; new mining contractor equipment arriving September and October
- H1 impact
- Lower underground mining rates, reduced head grades, more reliance on lower-grade stockpiles
- Syama guidance
- 2026 production 150-160 koz at AISC $2,300-2,400/oz, cut from around the lower end of 195-210 koz
- Group guidance
- 205-225 koz at AISC $2,250-2,350/oz, at $4,000/oz gold, cut from 250-275 koz at $2,000-2,200/oz
- Jul-Aug output
- 15.5 koz poured; September expected around 15 koz
- Quarterly path
- Q3 around 31 koz; Q4 45-50 koz if September improvement continues
- Dependency
- Stable results depend on easing of external constraints on supplies, equipment and contractors in Mali
What comes next
Emulsion plant commissioning; Q4 Syama output of 45-50 koz (30 Nov 2026).
From the company's own announcements. Not investment advice.
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