Resolute Mining Limited (RSG) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Resolute Mining Q3 Quarterly Highlights. My name is Chris Egger. I am the CEO of Resolute Mining and I'm joined today by Dave Jackson, our CFO, and Gavin Harris, our Chief Operating Officer. Moving to page three, let's start with some of the key highlights of the quarter. So as you see on the page, we had gold poured of 59,857 ounces. just shy of $60,000, and for the year that brings us to 211,000 ounces of gold poured. With regards to our group ASIC, in Q3 we achieved a $2,205 per ounce cost. It's worth noting, though, that in Q3 we are paying a much higher royalty expense across the business because of the higher gold price environment. So we estimated that the ASIC increased by about $125 in Q3 relative to previous quarters as a result of the higher gold price environment. The business generated a healthy amount of cash in Q3, around $26 million. Therefore, we ended the quarter with a net cash position of $136 million. Overall, the gold price that we achieved in Q3 was $3,400. which also was an increase over Q2 as the Q2 gold price average was $3,261. Very pleased to say that our TRIFR reduced from the previous quarters and we're now sitting at 1.95 for Q3. And one of the key developments that we had in the quarter was to increase our resource at the Duropa project in Cote d'Ivoire, and now we're sitting at 4.4 million ounces. As you'll also see on the bottom right side of the page, we have now narrowed our guidance as we're approaching the end of the year and have much better visibility of our activities in both our operating sites. Our original production guidance of 275,000 ounces to 30,000 ounces has now been narrowed at the bottom end of the range to 275,000 ounces to 285,000 ounces, predominantly from a decrease at Siama, which ag...