Latest news with #ResoluteMining
Sydney Morning Herald
5 days ago
- Business
- Sydney Morning Herald
Dazzling 50% upgrade pushes Aurum African gold resources to 2.41Moz
Aurum Resources has delivered a transformative 50 per cent increase in its JORC-compliant mineral resource estimate for the company's Boundiali gold project in Côte d'Ivoire, which now totals 2.41 million ounces of gold at 1 gram per tonne (g/t) gold, a massive hike of 820,000 ounces. When combined with the company's Napié project's 0.87 million ounces, Aurum's combined resources across its tenement group now total 3.28 million ounces of the yellow metal, marking a significant milestone in the company's growth as a leading West African gold explorer. The new resource estimate comprises 18.5 million tonnes of indicated resources at 1g/t gold for 600,000 ounces and 54.2Mt of inferred resources at 1g/t gold for 1.81 million ounces, using cut-off grades of 0.4g/t above 300 metres depth and 1g/t below 300m. The 2025 Boundiali resource estimate spans six deposits - BST1, BDT1, BDT2, BDT3, BMT1, BMT3 - across three tenements, with high-grade inferred resources including 400,000 ounces at 2g/t gold in BMT3, 220,000 ounces at 1.7g/t gold in BMT1 and 100,000 ounces at 1.9g/t gold in BDT3. 'Our team has achieved an 820,000 ounce increase from seven months of drilling since the maiden MRE in December 2024, a 52% increase.' Aurum Resources managing director Dr Caigen Wang Aurum Resources managing director Dr Caigen Wang said: ' Apart from this significant growth in quantity, this updated MRE realised a 362% increase in the indicated resource component from 130,000 ounces in the December 2024 MRE to 600,000 ounces in this updated MRE.' Located in the prolifically productive West African Craton, Boundiali shares the same greenstone belt as major gold mines such as African focussed Resolute Mining's 11.5-million-ounce Syama deposit and Montage Gold's 4.5-million-ounce Koné operation. The Boundiali project has excellent infrastructure, including sealed roads that connect it to the city of Korhogo, 100km to the east, and 225kVA power lines spanning the project ground, which support efficient exploration and future mining operations. Gold mineralisation, hosted in shear-zone quartz veins with pyrite and visible gold, remains open along strike and at depth, pointing to likely significant future upside.
The Age
5 days ago
- Business
- The Age
Dazzling 50% upgrade pushes Aurum African gold resources to 2.41Moz
Aurum Resources has delivered a transformative 50 per cent increase in its JORC-compliant mineral resource estimate for the company's Boundiali gold project in Côte d'Ivoire, which now totals 2.41 million ounces of gold at 1 gram per tonne (g/t) gold, a massive hike of 820,000 ounces. When combined with the company's Napié project's 0.87 million ounces, Aurum's combined resources across its tenement group now total 3.28 million ounces of the yellow metal, marking a significant milestone in the company's growth as a leading West African gold explorer. The new resource estimate comprises 18.5 million tonnes of indicated resources at 1g/t gold for 600,000 ounces and 54.2Mt of inferred resources at 1g/t gold for 1.81 million ounces, using cut-off grades of 0.4g/t above 300 metres depth and 1g/t below 300m. The 2025 Boundiali resource estimate spans six deposits - BST1, BDT1, BDT2, BDT3, BMT1, BMT3 - across three tenements, with high-grade inferred resources including 400,000 ounces at 2g/t gold in BMT3, 220,000 ounces at 1.7g/t gold in BMT1 and 100,000 ounces at 1.9g/t gold in BDT3. 'Our team has achieved an 820,000 ounce increase from seven months of drilling since the maiden MRE in December 2024, a 52% increase.' Aurum Resources managing director Dr Caigen Wang Aurum Resources managing director Dr Caigen Wang said: ' Apart from this significant growth in quantity, this updated MRE realised a 362% increase in the indicated resource component from 130,000 ounces in the December 2024 MRE to 600,000 ounces in this updated MRE.' Located in the prolifically productive West African Craton, Boundiali shares the same greenstone belt as major gold mines such as African focussed Resolute Mining's 11.5-million-ounce Syama deposit and Montage Gold's 4.5-million-ounce Koné operation. The Boundiali project has excellent infrastructure, including sealed roads that connect it to the city of Korhogo, 100km to the east, and 225kVA power lines spanning the project ground, which support efficient exploration and future mining operations. Gold mineralisation, hosted in shear-zone quartz veins with pyrite and visible gold, remains open along strike and at depth, pointing to likely significant future upside.
Yahoo
01-08-2025
- Business
- Yahoo
Resolute Mining Limited (ASX:RSG) is favoured by institutional owners who hold 77% of the company
Key Insights Institutions' substantial holdings in Resolute Mining implies that they have significant influence over the company's share price A total of 9 investors have a majority stake in the company with 53% ownership Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. A look at the shareholders of Resolute Mining Limited (ASX:RSG) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 77% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's take a closer look to see what the different types of shareholders can tell us about Resolute Mining. See our latest analysis for Resolute Mining What Does The Institutional Ownership Tell Us About Resolute Mining? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that Resolute Mining does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Resolute Mining's historic earnings and revenue below, but keep in mind there's always more to the story. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. It would appear that 11% of Resolute Mining shares are controlled by hedge funds. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Helikon Investments Limited is currently the company's largest shareholder with 11% of shares outstanding. In comparison, the second and third largest shareholders hold about 7.1% and 6.5% of the stock. We did some more digging and found that 9 of the top shareholders account for roughly 53% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. Insider Ownership Of Resolute Mining The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own less than 1% of Resolute Mining Limited. It appears that the board holds about AU$191k worth of stock. This compares to a market capitalization of AU$1.3b. We generally like to see a board more invested. However it might be worth checking if those insiders have been buying. General Public Ownership The general public, who are usually individual investors, hold a 12% stake in Resolute Mining. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Next Steps: It's always worth thinking about the different groups who own shares in a company. But to understand Resolute Mining better, we need to consider many other factors. I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Business Insider
03-07-2025
- Business
- Business Insider
Ord Minnett Sticks to Their Buy Rating for Resolute Mining (RMGGF)
In a report released today, from Ord Minnett maintained a Buy rating on Resolute Mining , with a price target of A$0.90. The company's shares closed last Tuesday at $0.38. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Resolute Mining with a $0.65 average price target, which is a 72.51% upside from current levels. In a report released on June 27, Macquarie also maintained a Buy rating on the stock with a A$0.75 price target. The company has a one-year high of $0.61 and a one-year low of $0.20. Currently, Resolute Mining has an average volume of 15.25K.
Business Insider
29-06-2025
- Business
- Business Insider
Macquarie Keeps Their Buy Rating on Resolute Mining (RMGGF)
Macquarie analyst Andrew Bowler maintained a Buy rating on Resolute Mining (RMGGF – Research Report) on June 27 and set a price target of A$0.75. The company's shares closed last Thursday at $0.39. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Bowler covers the Basic Materials sector, focusing on stocks such as Perseus Mining , Resolute Mining , and Ramelius Resources Limited. According to TipRanks, Bowler has an average return of 25.8% and a 65.58% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Resolute Mining with a $0.63 average price target.
