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Resolute Mining Limited (RMGGY) Q1 2026 Earnings Call Transcript

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Resolute Mining reported strong Q1 2026 results, meeting all operational targets with gold production at 60,000 ounces, aligning with guidance. CEO Chris Eger highlighted robust performance despite higher costs. Safety metrics improved with only one lost-time injury, achieving a Total Recordable Injury Frequency Rate (TRIFR) of 0.43, reflecting enhanced workplace safety protocols. All-in sustaining costs (AISC) rose to $2,200 per ounce, exceeding expectations due to higher royalty expenses tied to elevated gold prices, offsetting otherwise stable operational efficiency. Capital expenditures remained on track, with no significant deviations from budgeted projections, ensuring steady progress on expansion and maintenance projects. Management emphasized operational discipline and cost control amid volatile gold markets, reaffirming full-year guidance and long-term growth strategies.
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Resolute Mining Limited (RMGGY) Q1 2026 Earnings Call Transcript

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SA Transcripts159.42K FollowersFollow5ShareSaveCommentsFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsPlay Earnings CallPlay Earnings Call Resolute Mining Limited (RMGGY) Q1 2026 Earnings Call April 23, 2026 4:00 AM EDT Company Participants Christopher Eger - MD, CEO & DirectorGavin Harris - Chief Operating OfficerDave Jackson - Chief Financial Officer Conference Call Participants Justin Chan - SCP Resource Finance LP, Research DivisionJasper MainwaringRichard Knights - Barrenjoey Markets Pty Limited, Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to the Resolute Mining First Quarter 2026 Conference Call. [Operator Instructions] The presentation is now within the Investors section of Resolute Mining's website. [Operator Instructions] I would like to remind all participants that this call is being recorded. I will now hand over to the Chief Executive Officer, Chris Eger, to open the presentation. Please go ahead. Christopher EgerMD, CEO & Director Thank you, and welcome to Resolute Mining's Q1 2026 Activities Report. I am Chris Eger, CEO of Resolute Mining. And today, I'm joined on the call with Gavin Harris, our Chief Operating Officer; Dave Jackson, our Chief Financial Officer; as well as Matty O'Toole, our Head of Investor Relations. Moving on to Page 4. So I'm very pleased that we had a very robust quarter in the first part of 2026. Let's talk about a few of the operating metrics and then go into more details in the upcoming slides. Look, first of all, on operating metrics, we achieved pretty much all the targets that we were hoping for. Starting with the fact that we only had one lost time injury in the first quarter. Therefore, we had a TRIFR of 0.43. Gold produced was just under 60,000 ounces, right on target with our guidance. Our group AISC was at $2,200, slightly higher than expected, but it was all due to the fact that royalty expenses were higher in the first quarter as a result of the higher gold price environment. And our capital expenditures for the quarter

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