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Resolute's Bibiani processing plant.

Resolute down as gold revenue slides

Perth gold company Resolute Mining says the combination of lower gold prices and higher costs were behind a 60 per cent drop in full-year profit, to $33 million.

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I really do not like hearing news like this, it means more job losses and families suffering like many of us now are! There is a solution, but if done in the wrong way it will make the worldwide situation worse. If done in the right strictly controlled way it can and most definitely will increase the gold price, increase the American dollar value and make billions of dollars available for investment into new development projects to give produce higher value and a better end product availability to clients besides other business investment projects. The best part of it though is that it will give back very good dividend returns to the normal everyday person that invest in it.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
192ndIndependence Group64%19%
247thRegis Resources41%16%
397thResolute Mining9%17%
436thWestgold Resources1%0%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

16/07/18
$133k Bought
01/02/18
$348k Bought
07/12/17
$69k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

8th↓Resolute Mining$560.8m
9th↓Regis Resources$547.2m
12th↑Westgold Resources$438.5m
13th↓Independence Group$424.1m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Resolute Mining

33rdJohn Welborn$892k
897thBill Price$104k
948thMartin Botha$90k
Ranked by total remuneration from all listed WA companies

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