Resolute Mining Loses Bull Amid Ongoing Disruptions in Mali

Dow Jones
2 hours ago

0108 GMT - Resolute Mining loses a bull in Macquarie after downgrading 2026 production and cost guidance, citing ongoing disruptions in Mali. The gold miner said a challenging operating environment continues to impact underground mining, open-pit mining and sulfide processing at its Syama mine. "Near-term sentiment will be dominated by performance at Syama, which is outside management control," says Macquarie. The bank downgrades Resolute to neutral from outperform. It cuts its share-price target to 1.35 Australian dollars from A$1.45. "Over time, we see upside with the development of Doropo," Macquarie says. The stock is down 1.4% at A$1.2225, adding to Monday's 8.5% loss.

 

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