Resolute Mining - The World's First Fully Automated Gold Mine.
Matthew Gordon, Ptolemy Capital
5 Days ago
Resolute Mining is an ASX/LSE listed dividend-paying (cash/gold) gold mining company with over 30-years of experience exploring, developing, and operating gold mines in Africa and Australia. Resolute Mining's gold projects have produced more than 8Moz of gold. The company owns 4 gold mines, 3 of which are in production.
Resolute Mining decided to complete a dual listing on the Main Market of the London Stock Exchange. Welborn said the move was intended to enhance Resolute Mining's growth pathway, with the vision of becoming a low-cost, long-life, 500,000oz per annum gold producer. Share price performance across both markets has been stagnant and somewhat disappointing, especially considering how good a year it has been for Resolute Mining's commodity of choice, gold. Resolute Mining has a market cap of AUS$1.04B. The share price started at AUD$1.15, rose to a peak of AUD$2.06 in August, before falling back down to today's price of AUD$1.16. On the LSE the share price started towards the end of June at £0.66, rose to a peak of £1.17 in August, before falling back down to £0.61 today.
Crux Investor is a new market insight channel for those interested in understanding the junior mining world and opportunities to invest. Its purpose is to cut through a lot of the jargon, bias and bluster that is prevalent in this sector and hone-in on the most important factors that can indicate whether a company has a strong footing for growth and success.
Get an insight into how institutional investors evaluate the natural resource market. Hear from some of the most influential and successful people in the industry about how they made money investing in public markets. Learn key strategies, tactics and questions to allow you to make better, informed, comparative assessments.
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situations or needs. You should not rely on any advice and / or information contained in this website or via any digital Crux communications. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.