Resolute Mining stock tracks a 500,000 ounce 2028 growth target

Published on 10/07/2026 at 04:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Resolute Mining stock is priced at AUD 1.120 on October 6, 2026, while the miner targets 500,000 ounces of annual output by 2028. Half-year revenue rose 31 percent to US$584.7 million.

Resolute Mining, AU000000RSG6, Illustration mit AI erstellt.

Resolute Mining stock was priced at AUD 1.120 on the Sydney Stock Exchange on October 6, 2026, while the gold producer advances a plan to reach 500,000 ounces of annual output by 2028. MarketBeat reported on October 5, 2026, that the Doropo project in Côte d'Ivoire is the main growth driver.

Doropo carries the growth case

Resolute says Doropo is in full construction after receiving permits, with first gold targeted for early 2028. The project has a planned 13-year mine life, 2.5 million ounces of reserves and a capital budget of US$515 million, according to MarketBeat.

The same report said Resolute held liquidity of US$470 million and generated US$220 million of operating cash flow in the first half of 2026. That funding position gives the company room to continue Doropo spending while Syama in Mali works through supply-chain and contractor problems.

Profit growth meets operating pressure

Resolute's half-year 2026 revenue increased 31 percent to US$584.7 million, while EBITDA rose 42 percent to US$323.9 million. Net profit after tax reached US$162.6 million versus US$71.0 million in the prior corresponding period, as Kapitales Research reported on August 20, 2026.

The near-term constraint is Syama. Resolute expects 2026 Syama production of 150,000 to 160,000 ounces, while group production guidance stands at 205,000 to 225,000 ounces and group all-in sustaining costs at US$2,250 to US$2,350 per ounce. The company expects Syama output to recover to 45,000 to 50,000 ounces in the fourth quarter, with an onsite emulsion facility scheduled for November 2026, according to Kapitales Research.

Consensus target stays above the quote

Investing.com lists four analysts with a Strong Buy consensus, an average 12-month price target of AUD 1.750, a high target of AUD 2.20 and a low target of AUD 1.25. The average target lies 56.25 percent above the AUD 1.120 price, creating a quantified valuation gap alongside the operational risks.

Resolute Mining stock holds a wide range

Resolute Mining stock stood at AUD 1.120 on the Sydney Stock Exchange on October 6, 2026, with a 52-week range of AUD 0.783 to AUD 1.685, volume of 13.14 million shares and market capitalization of AUD 2.39 billion. The figures place the stock below its yearly high while the Doropo schedule and Syama recovery remain the central operating checkpoints.