This ASX gold stock just hit pause after a 12% weekly jump

Trading in Resolute Mining Ltd (ASX: RSG) shares has been frozen on Thursday after the gold miner requested a trading halt.

The halt came through during early afternoon trade, with the Resolute share price sitting at $1.397.

Before trading was paused, the stock was up 0.87% for the session.

It has also been a strong week for shareholders, with Resolute shares up about 12% over the past 5 trading days.

The latest move adds to a much bigger rally. The gold stock is now up 14% in 2026 and almost 139% over the past year.

Here’s why trading has been put on hold.

Trading halt lands

According to the ASX notice, trading in Resolute shares has been halted at the company’s request.

The halt relates to a further announcement regarding the company’s scoping study for the ABC Project in Cote d’Ivoire.

Unless ASX decides otherwise, Resolute shares will remain in a trading halt until the earlier of normal trading on Monday, 18 May, or the release of an announcement to the market.

This means investors will have to wait for more details before the stock can trade again.

It comes just a day after Resolute released the scoping study details for the ABC Project, giving investors fresh numbers to weigh up.

ABC study points to long-life gold project

In its release, Resolute said the scoping study confirmed attractive economics and growth potential at ABC.

The company said the project could support a large-scale open-pit operation with 82.8 million tonnes of plant feed at 0.76 grams per tonne of gold.

That would contain 2 million ounces of gold over an average 12-year mine life.

The study also points to total gold production of 1.7 million ounces, with average output of 141,000 ounces per year.

Resolute is also estimating average annual output of 163,000 ounces across the first 5 years.

It has flagged an all-in sustaining cost of US$1,565 an ounce over the initial period.

Why this project stands out

The main drawcard is the size of the potential returns at current gold prices.

At a gold price of US$3,500 an ounce, Resolute said ABC could deliver a post-tax net present value of US$1.2 billion and an internal rate of return of 39%.

The payback period is estimated at 1.4 years from first production, which is short for a project of this size.

There is also leverage to a stronger gold price. Resolute said the post-tax NPV could rise to US$2.3 billion if gold reaches US$4,750 an ounce.

The only catch for now is the upfront capital cost, which has been estimated at US$648 million.

Foolish Takeaway

Resolute shares have had a strong run lately, helped by firmer gold prices and renewed interest in the company’s growth options.

The ABC study gives investors a new project to weigh up, and the early numbers are worth a closer look.

But the trading halt means the market is still waiting for the next update before deciding what to do next.

The post This ASX gold stock just hit pause after a 12% weekly jump appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.