Resolute Mining cuts 2026 output forecast, shares fall
Resolute Mining on Tuesday cut its 2026 gold production outlook to 205-225 koz from a previous estimate of the lower end of 250-275 koz, citing production issues at its Syama mine in Mali. The company now expects Syama to produce 150-160 koz in 2026, down from a prior outlook of the lower end of 195-210 koz. Shares of the miner fell as much as 12.6% to A$1.185, their biggest intraday fall since June 5.
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Shares of Australia’s Resolute Mining fell as much as 12.6% to A$1.185, their steepest intraday percentage drop since June 5. The stock touched its lowest level since August 19. The gold miner cut its 2026 gold production guidance to 205-225 koz from a prior outlook whose lower end was 250-275 koz. It said output at the Syama gold mine in Mali has stayed below plan because of a challenging operating environment, and it now expects 2026 production there at 150-160 koz, versus a previous outlook whose lower end was 195-210 koz.
The stock was among the weakest performers on the ASX 200 benchmark. It was last down 5.5%, leaving year-to-date gains at 4.5%.