Resolute Mining Ltd 62.5% potential upside indicated by Berenberg Bank

Resolute Mining Ltd with ticker (LON:RSG) now has a potential upside of 62.5% according to Berenberg Bank.



Berenberg Bank set a target price of 28 GBX for the company, which when compared to the Resolute Mining Ltd share price of 17 GBX at opening today (16/02/2024) indicates a potential upside of 62.5%. Trading has ranged between 13 (52 week low) and 29 (52 week high) with an average of 44,092 shares exchanging hands daily. The market capitalisation at the time of writing is £745,015,402.

Resolute Mining Ltd is an Australia-based gold miner. The Company is engaged in exploring, developing, and operating gold mines. The Company owns two producing gold mines: the Syama Gold Mine in Mile (Syama) and the Mako Gold Mine in Senegal (Mako). The Syama is located in the southwest of Mali, approximately 30 kilometers (km) from the Cote d’Ivoire border and 300 km southeast of the capital Bamako. It comprises the Syama Underground Mine, the Tabakoroni Complex, which comprises an open pit. The Mako Gold Mine is located in eastern Senegal, West Africa, which is an open pit mine. The Company is also involved in exploration with drilling campaigns underway across its African tenements with a focus on Mali, Senegal and Guinea. The Company also operates a fleet of development jumbos, production drills, loaders and trucks.