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Resolute Mining Limited
Video analysis: RMGGF
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News: RMGGF
Resolute Mining tipped for upside driven by Doropo gold mine ramp-up
RBC Capital Markets has initiated coverage of Resolute Mining Ltd (ASX:RSG, LSE:RSG) with a bullish target, as the Canadian bank observed that the miner's 'transformational' Doropo project is being overlooked - despite the broker seeing it as a key driver. "We view current valuation as extremely compelling,” the bank's analysts said in a note, arguing investors are effectively either buying Doropo at a discount while getting the existing mines for free, or heavily discounting the producing assets and assigning nothing to Doropo.
Resolute Mining Q2 Earnings Call Highlights
Resolute Mining LON: RSG said its second-quarter operations performed strongly in Senegal, Côte d'Ivoire and Guinea, while continued logistical, security and regulatory challenges in Mali affected its Syama operation.
