Resolute Mining (RSG) investor relations material

Financial position and funding

• Over $300 million in cash and $260 million in financing facilities support organic growth plans.

• Market cap is about $1.9 billion, with an enterprise value of $1.7 billion, seen as undervalued relative to peers.

• $226 million in net operating cash flow and $470 million in liquidity as of the first half of the year.

• Fully funded for growth targets through 2028, with no need for additional capital raises.

• Strong balance sheet with $317 million net cash as of Q2 2026, supporting ongoing and future projects.

Production and growth outlook

• Clear pathway to increase annual gold production to over 500,000 ounces by end of 2028, driven by new projects and expansions.

• 2025 production expected at 210,000–215,000 ounces, rising to 250,000–275,000 ounces in 2026.

• ABC project aims to add 200,000 ounces by 2030, with potential for over 800,000 ounces by decade's end.

• All projects are organic, with ongoing development and exploration updates planned.

• Targeting 500,000 ounces annual production by 2028, with further growth to 800,000 ounces by 2030.

Asset portfolio and project updates

• Doropo and ABC acquired in 2025, transforming the growth profile and resource base.

• Doropo construction is on track and on budget, with $60 million spent, $300 million committed, and first gold expected in H2 2028.

• Doropo has 2.5 million ounces in reserves and a 13-year mine life, with potential for longer life at higher gold prices.

• ABC project advancing with a $15–25 million work program, feasibility study due by end of 2027, and resource growth targeted.

• Mako asset transitioning to satellite deposits, extending mine life by seven to eight years.