Resolute Mining cuts gold forecast to 205,000 ounces
- Resolute Mining lowered its annual Group gold production forecast to 205,000–225,000 ounces following ongoing operational challenges in Mali.
- The reduction in production targets pushed projected all-in sustaining costs up to $2,250–$2,350 per ounce for the full year.
- Management attributes the revision to supply chain disruptions and lower ore availability at the Syama Gold Mine.
Resolute Mining (ASX:RSG) has lowered its full-year 2026 gold production target to 205,000–225,000 ounces due to persistent operating issues at its main facility in Mali.
The revised outlook compares to lower earlier production figures, driven by second-quarter output of 30,000 ounces at the Syama Gold Mine, which fell below planned levels.
CEO Chris Eger commented, “Despite continued efforts to improve operational performance, the challenging operating environment in Mali has resulted in production remaining below expectations, requiring an update to the Company's guidance.
The company detailed that operational difficulties included explosive supply chain delays, slow equipment mobilization, and wet weather conditions slowing underground development.
To offset lower ore availability from higher-grade zones, operations temporarily relied on lower-grade stockpiles, driving Syama's second-quarter all-in sustaining costs to $2,654 per ounce.
Following the announcement the Resolute Mining share price was down at $1.25.
Despite disruptions in Mali, operations at the Mako mine remain on track to meet guidance, while construction at the Doropo project continues on schedule and on budget.
The business continues to run an extensive exploration drilling programme at its ABC project located in Côte d'Ivoire.
