Key points
- Revenue up 27% to $800.9 million
- Loss after tax of $13.3 million, down 115%
- EBITDA of $320.4 million, up 27%
- Net cash position of $66.3 million, up $52.3 million
Full summary
Resolute Mining Limited has reported its preliminary final results for the year ended 31 December 2024. Revenue from gold and silver sales increased 27% to $800.9 million, driven by higher gold production and realised prices. EBITDA improved 27% to $320.4 million, though the company reported a loss after tax of $13.3 million, down 115% on the prior year. The loss was primarily due to $154.8 million in indirect tax expenses, including a $159.9 million settlement payment to the Malian government. Syama gold mine in Mali produced 215,934 oz, up 2%, while Mako gold mine in Senegal produced 123,935 oz, up 3% year-on-year. The company's net cash position increased by $52.3 million to $66.3 million at 31 December 2024, with available liquidity of over $100 million. Resolute continued to invest in the business, spending $102.9 million on exploration, development, and capital projects.