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Resolute Mining Shares Rise 5 Percent As Analysts Call Gold Miner Undervalued After Profit Surge

27 0
02.09.2026

Shares of Resolute Mining rose more than 5% Monday, extending a stretch of investor interest in the Perth-based gold producer following a set of half-year results that showed profit more than doubling on the back of surging gold prices.

The stock traded at 1.44 Australian dollars, up 0.07 dollars, or 5.11%, on the Australian Securities Exchange. Resolute, which operates the Syama gold mine in Mali and the Mako mine in Senegal while developing the Doropo project in Cote d'Ivoire, has drawn sustained attention from analysts and investors in the roughly two weeks since it reported its results for the six months ended June 30.

Resolute reported net profit after tax of 162.6 million dollars for the first half of 2026, up 129% from 71 million dollars in the same period a year earlier, according to a summary of the results published by Kalkine Media. Revenue rose 31% to 584.7 million dollars, driven primarily by a sharply higher average realized gold price of 4,712 dollars per ounce, compared with 3,076 dollars per ounce in the........

© International Business Times