Up 222% in a year, $2.8 billion ASX 200 gold stock delivers ‘very strong’ fourth quarter

S&P/ASX 200 Index (ASX: XJO) gold stock Resolute Mining Ltd (ASX: RSG) is in the red today.

Resolute Mining shares closed yesterday trading for $1.335. In early morning trade on Thursday, shares are changing hands for $1.315 apiece, down 1.5%.

For some context, the ASX 200 is up 0.7%, following US stock markets higher after Donald Trump pulled back on his military and tariff threats over Greenland.

With today’s dip factored in, Resolute Mining shares remain up a blistering 222% since this time last year. This gives the West African-focused gold miner a market cap of $2.8 billion.

Now, here’s what investors are mulling over today.

(*Note, all dollar figures below are in US dollars.)

ASX 200 gold stock dips on update

Resolute Mining shares are slipping following the release of the company’s fourth-quarter (Q4 2025) update.

Highlights from the three months to 31 December include a 10% quarter-on-quarter increase in gold production to 65,918 ounces.

The ASX 200 gold stock produced the yellow metal at an all-in sustaining cost (AISC) of $1,877 per ounce, down from $2,205 per ounce in Q3 2025.

And quarterly capital expenditure (excluding exploration) declined by 31% from the prior quarter to $18.4 million.

In other core financial metrics, the ASX 200 gold stock reported operating cash flow generation of $85.7 million, up 26% from Q3.

And on the balance sheet, the miner held cash, cash equivalents, and bullion of $266 million at the end of 2025.

Looking to the year ahead, Resolute Mining provides 2026 production guidance of 250,000 to 275,000 ounces of gold at an AISC of $2,000 to $2,200 per ounce.

That compares to full-year 2025 gold production of 277,236 ounces at an AISC of $1,843 per ounce.

Resolute Mining shares could be under some pressure today, however, with 2024 gold production coming in at 339,869 ounces.

What did management say?

Commenting on the quarterly results for the ASX 200 gold stock today, Resolute Mining CEO Chris Eger said, “Despite supply chain challenges in Mali and the transition to stockpile processing at Mako, we have achieved strong financial and operating performance.”

Eger added:

Gold production was in-line with initial guidance and net cash generation over the year was $140 million driven by a very strong Q4. We advanced key projects such as the SSCP and Mako Life Extension Project, managed operating costs across all sites, restructured the executive teams, delivered exploration success and stabilised government relations.

2025 also saw Resolute Mining acquire the Doropo and ABC Projects in Cote d’Ivoire (formerly Ivory Coast).

Eger noted that Doropo is on track for maiden gold production in the first half of 2028.

Looking to future potential growth prospects for the ASX 200 gold stock, Eger said, “Exploration remains at the heart of Resolute’s strategy, underpinning our ambition to deliver sustained growth and maximise long-term shareholder value.”

The post Up 222% in a year, $2.8 billion ASX 200 gold stock delivers ‘very strong’ fourth quarter appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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.