Resolute Mining Future Growth

Future criteria checks 5/6

Resolute Mining is forecast to grow earnings and revenue by 42.3% and 6.4% per annum respectively. EPS is expected to grow by 44.1% per annum. Return on equity is forecast to be 21.6% in 3 years.

Key information

42.3%

Earnings growth rate

44.1%

EPS growth rate

Metals and Mining earnings growth	22.0%
Revenue growth rate	6.4%
Future return on equity	21.6%
Analyst coverage	Low
Last updated	24 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

LSE:RSG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	787	230	256	311	4
12/31/2025	853	194	190	299	4
12/31/2024	810	112	192	275	5
6/30/2024	643	13	73	158	N/A
3/31/2024	637	39	54	132	N/A
12/31/2023	631	66	35	107	N/A
9/30/2023	647	65	35	105	N/A
6/30/2023	663	64	29	97	N/A
3/31/2023	657	15	26	94	N/A
12/31/2022	651	-34	23	91	N/A
9/30/2022	628	-97	7	73	N/A
6/30/2022	606	-160	-9	55	N/A
3/31/2022	577	-239	-10	53	N/A
12/31/2021	549	-319	-11	51	N/A
6/30/2021	574	-202	27	101	N/A
3/31/2021	589	-114	-7	76	N/A
12/31/2020	603	-26	-41	50	N/A
6/30/2020	553	-103	-83	5	N/A
3/31/2020	505	-84	-71	44	N/A
12/31/2019	456	-65	-60	83	N/A
6/30/2019	300	31	-143	90	N/A
3/31/2019	291	27	-158	76	N/A
12/31/2018	278	23	-170	61	N/A
6/30/2018	330	49	-156	21	N/A
3/31/2018	392	69	N/A	81	N/A
12/31/2017	449	89	N/A	143	N/A
9/30/2017	438	98	N/A	145	N/A
6/30/2017	416	105	N/A	143	N/A
12/31/2016	342	98	N/A	73	N/A
9/30/2016	394	101	N/A	113	N/A
6/30/2016	413	95	N/A	144	N/A
12/31/2015	363	-136	N/A	82	N/A
9/30/2015	337	-241	N/A	61	N/A
6/30/2015	353	-383	N/A	48	N/A
3/31/2015	343	-283	N/A	51	N/A
12/31/2014	361	-201	N/A	59	N/A
9/30/2014	380	-94	N/A	77	N/A
6/30/2014	402	30	N/A	99	N/A
3/31/2014	420	16	N/A	104	N/A
12/31/2013	428	2	N/A	107	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RSG's forecast earnings growth (42.3% per year) is above the savings rate (2.1%).

Earnings vs Market: RSG's earnings (42.3% per year) are forecast to grow faster than the UK market (14.8% per year).

High Growth Earnings: RSG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RSG's revenue (6.4% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: RSG's revenue (6.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RSG's Return on Equity is forecast to be high in 3 years time (21.6%)

Resolute Mining Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target decreased by 27% to UK£0.32

Resolute Mining Limited Revises Production Guidance for the Year 2024

Price target increased by 9.9% to UK£0.37

Price target increased by 8.1% to UK£0.36

Price target increased by 7.4% to UK£0.34

Price target increased by 8.8% to UK£0.33

Recent updates

Price target decreased by 27% to UK£0.32

Resolute Mining Limited Revises Production Guidance for the Year 2024

Resolute Mining Limited Announces Company Secretary Changes

Resolute Mining Limited Provides an Update on Exploration in Senegal and Guinea

First half 2024 earnings released: EPS: US$0.01 (vs US$0.035 in 1H 2023)

Price target increased by 9.9% to UK£0.37

Price target increased by 8.1% to UK£0.36

Price target increased by 7.4% to UK£0.34

High number of new directors

Price target increased by 8.8% to UK£0.33

High number of new directors

Resolute Mining Limited, Annual General Meeting, May 23, 2024

Resolute Mining Limited Announces Director Changes

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$0.068 (vs US$0.028 loss in FY 2022)

Resolute Mining Limited Provides Production Guidance for the Year 2024

Resolute Mining Limited Announces Maiden Mineral Resource at Tomboronkoto

Resolute Mining Limited Announces Change of Company Secretary

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Resolute Mining Limited Revises Production Guidance for the Year 2023 and Provides Production Guidance for the Year 2024, 2025 and 2026

Resolute Mining Limited Announce an Updated Mineral Resource Estimate from Syama North

First half 2023 earnings released: EPS: US$0.043 (vs US$0.022 loss in 1H 2022)

Resolute Mining Limited Provides Production Guidance for the Full Year 2023

Price target increased by 9.3% to UK£0.29

Resolute Mining Limited Appoints Keith Marshall as Non-Executive Director

Price target increased by 8.9% to UK£0.24

Full year 2022 earnings released: US$0.028 loss per share (vs US$0.29 loss in FY 2021)

Price target increased by 9.1% to UK£0.24

Full year 2022 earnings released: US$0.028 loss per share (vs US$0.29 loss in FY 2021)

Resolute Mining Limited Announces Chief Financial Officer Changes

Price target decreased by 8.3% to UK£0.22

Resolute Mining Limited Provides Production Guidance for the Full Year 2023

Resolute Mining Limited Announces an Update Mineral Resource Estimate from Syama North

Price target decreased to UK£0.13

Price target decreased to UK£0.28

Resolute Mining Limited Provides Production Guidance for the Full Year 2022

Forecast breakeven date moved forward to 2023

Resolute Mining Limited Announces Updated Mineral Resource Estimate from Syama North and Continued Positive Exploration Drilling Results

Forecast breakeven date pushed back to 2024

First half 2022 earnings released

Resolute Mining Limited Appoints Geoff Montgomery as Chief Operating Officer

Resolute Mining Limited to Report First Half, 2022 Results on Aug 25, 2022

Forecast breakeven date pushed back to 2023

Resolute Mining Limited Announces Latest Results from the 2022 Exploration Drilling at Syama North Outlining the Potential for New Open Pit Operation Close to the Syama Complex

Resolute Mining Limited Appoints Terry Holohan as Managing Director

Stuart Gale Withdraws His Name to Be Elected as Director

Resolute Mining Limited Announces CEO Changes

Resolute Mining Limited, Annual General Meeting, May 20, 2022

Resolute Mining Limited Announces Successful Completion of Syama Sulphide Plant Shutdown

Full year 2021 earnings released: US$0.29 loss per share (vs US$0.026 loss in FY 2020)

Resolute Mining Limited Provides Production Guidance for the Full Year of 2022

Resolute Mining Limited Announces Life of Mine Production Update

Price target decreased to UK£0.29

Forecast to breakeven in 2024

Resolute Mining Limited Announces Updated Mineral Resource Estimate from Ongoing Exploration Success at Tabakoroni

Perseus Mining Limited (ASX:PRU) agreed to acquire 15.05% interest in Orca Gold Inc. (TSXV:ORG) from Resolute Mining Limited (ASX:RSG) for CAD 17.5 million.

Perseus Mining Limited (ASX:PRU) agreed to acquire 15.05% interest in Orca Gold Inc. (TSXV:ORG) from Resolute Mining Limited (ASX:RSG) for CAD 17.5 million.

Resolute Mining Limited Provides Production Guidance for the Full Year 2022

Price target decreased to UK£0.39

Resolute Mining Limited Provides Syama Sulphide Processing Circuit Update

First half 2021 earnings released: US$0.17 loss per share (vs US$0.007 loss in 1H 2020)

Resolute Mining Limited Reiterates Production Guidance for the Full Year 2021

Resolute Mining Limited's Outstanding Drill Results At Tabakoroni and Syama North

General Counsel & Company Secretary Amber Stanton has left the company

Manas Resources Limited (ASX:MSR) signed an agreement to acquire CDI Holdings (Guernsey) Ltd and CDI Mining Holdings Pty Ltd from Resolute Mining Limited (ASX:RSG) for AUD 5 million.

Resolute Mining Limited Provides Production Guidance for 2021

Price target decreased to UK£0.56