- Resolute Mining Limited recently reported an expanded Inferred Mineral Resource Estimate at its 100%-owned ABC Project in northwest Côte d'Ivoire, now standing at 132.7 Mt grading 0.71 g/t Au for 3.02 Moz within an optimised pit shell using a US$3,250/oz gold price and 0.3 g/t cut-off.
- This resource update, underpinned by over 31,000 m of additional drilling and a planned US$15–25 million work programme, signals a step-change in the scale and geological continuity of the Kona South and Kona Central deposits, with further growth potential flagged at the emerging Moya target.
- Next, we’ll assess how this enlarged 3.02 Moz resource and planned US$15–25 million feasibility work programme could reshape Resolute’s investment narrative.
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Resolute Mining Investment Narrative Recap
To own Resolute Mining, you need to believe the company can turn its West African project pipeline into reliable, cash generative production while managing political and regulatory risk. The ABC Project resource upgrade strengthens the growth side of that equation, but it does not remove the near term operational and security uncertainty at Syama in Mali, which still looks like the key short term catalyst and the most significant risk to watch.
Among recent announcements, the May 2026 ABC Scoping Study stands out alongside this new 3.02 Moz resource. That study outlined a 12 year operation averaging around 141 koz per year at a life of mine AISC of about US$1,614/oz, based on a smaller 2.16 Moz resource. The updated estimate and planned US$15–25 million feasibility programme now sit against those earlier project economics and could meaningfully influence how investors think about future production and capital needs.
Yet, while ABC looks encouraging, investors should also be aware that permitting risk in Côte d’Ivoire and the prospect of a tougher mining code could...
Read the full narrative on Resolute Mining (it's free!)
Resolute Mining's narrative projects $1.7 billion revenue and $458.8 million earnings by 2029. This requires 25.7% yearly revenue growth and a $330 million earnings increase from $128.8 million today.
Uncover how Resolute Mining's forecasts yield a A$2.04 fair value, a 108% upside to its current price.
Exploring Other Perspectives
Some of the lowest ranked analysts took a far more cautious view, assuming revenue of about US$1.3 billion and earnings of roughly US$425 million by 2029, and highlighting future funding and permitting risks in Côte d’Ivoire as reasons growth at projects like ABC could be harder to deliver than the consensus expects; this new resource update has not yet been reflected in those numbers, so it is worth comparing these contrasting outlooks before you decide which story you find more convincing.
Explore 6 other fair value estimates on Resolute Mining - why the stock might be worth just A$1.55!
Form Your Own Verdict
Don't just follow the ticker - dig into the data and build a conviction that's truly your own.
- A great starting point for your Resolute Mining research is our analysis highlighting 3 key rewards that could impact your investment decision.
- Our free Resolute Mining research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Resolute Mining's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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