Why did Resolute Mining (ASX:RSG) gold production fall this quarter?

Resolute Mining reported a 9.6% drop in gold production, falling to 59,603 ounces from the 65,918 ounces produced in Q4 2025. Management attributed the decline to operational headwinds across its project sites.

How much did production costs increase for Resolute Mining (ASX:RSG)?

The company’s All-In Sustaining Costs (AISC) surged to $2,210 per ounce, a significant jump from the $1,877 per ounce reported in the previous quarter. This cost spike is driven by higher fuel prices and general inflationary pressures.

Did Resolute Mining (ASX:RSG) remain profitable despite lower production?

Yes, Resolute Mining saw revenue climb to $337.6 million and EBITDA reach $202.9 million, both surpassing the previous quarter's performance.

Is the full-year production guidance for Resolute Mining (ASX:RSG) at risk?

The company maintained its annual guidance of 250,000–275,000 ounces, but warned it is "subject to change." Management flagged that ongoing volatility in fuel costs and geopolitical instability in the Middle East could force a revision.

What are the main bull and bear points for Resolute Mining (ASX:RSG) after this update?

The bull case rests on high gold prices and strong EBITDA growth providing a safety net while the company develops new projects. The bear case focuses on the sharp increase in AISC and the 9.6% production decline, which suggests operational inefficiency.

How does geopolitical tension in the Middle East affect Resolute Mining (ASX:RSG)?

Geopolitical conflict, specifically involving Iran, has created a dual impact: it keeps gold prices elevated due to "safe haven" buying but also drives up the fuel costs Resolute needs for mining operations.

What was the impact of the Loncor Gold stake sale on Resolute Mining (ASX:RSG)?

Resolute Mining received $31.9 million from the divestment of its stake in Loncor Gold, which directly boosted its quarterly revenue and EBITDA. This move represents a strategic exit from a non-core asset to strengthen the balance sheet.

Resolute Mining gold output falls amid rising costs

Written by Isaac FrancisPublished Apr. 23 2026Last Updated Apr. 23 2026

Resolute Mining (ASX:RSG) has reported a 9.6% decline in quarterly gold production, attributed largely to rising operational headwinds.

Group output fell to 59,603 ounces, down from the 65,918 ounces recorded in the final quarter of 2025, while all-in sustaining costs surged to $2,210 per ounce.

Despite the production drop, the Australian-headquartered miner saw revenue climb to $337.6 million and EBITDA reach $202.9 million, bolstered by strong market prices and the $31.9 million divestment of its stake in Loncor Gold.

CEO Chris Eger described the period as a "positive start" for the company’s development pipeline; however, management warned that full-year guidance remains sensitive to volatile fuel costs and fluctuating gold prices impacted by ongoing geopolitical tensions in the Middle East.

At the time of reporting, Resolute Mining’s share price was $1.48.