Resolute Mining Limited
Resolute Mining Limited engages in mining, prospecting, and exploration of mineral properties in Africa. It explores for gold and silver. The company holds 80% interest in the Syama Gold Mine located in Mali, West Africa; and Mako Gold Mine located in eastern Senegal. The company was incorporated in 2001 and is based in Perth, Australia.
Resolute Mining Limited (RMGGF) - Net Assets
Latest net assets as of June 2025: $890.63 Million USD
Based on the latest financial reports, Resolute Mining Limited (RMGGF) has net assets worth $890.63 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.63 Billion) and total liabilities ($739.10 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $890.63 Million |
| % of Total Assets | 54.65% |
| Annual Growth Rate | 12.25% |
| 5-Year Change | -40.72% |
| 10-Year Change | 84.66% |
| Growth Volatility | 620.39 |
Resolute Mining Limited - Net Assets Trend (1988–2024)
This chart illustrates how Resolute Mining Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Resolute Mining Limited (1988–2024)
The table below shows the annual net assets of Resolute Mining Limited from 1988 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $483.21 Million | -10.87% |
| 2023-12-31 | $542.17 Million | +14.99% |
| 2022-12-31 | $471.49 Million | +10.79% |
| 2021-12-31 | $425.56 Million | -47.79% |
| 2020-12-31 | $815.11 Million | +30.83% |
| 2019-12-31 | $623.03 Million | -11.08% |
| 2018-12-31 | $700.70 Million | +34.60% |
| 2017-12-31 | $520.56 Million | +4.35% |
| 2016-12-31 | $498.88 Million | +90.65% |
| 2015-12-31 | $261.68 Million | +106.48% |
| 2014-12-31 | $126.73 Million | -80.75% |
| 2013-12-31 | $658.39 Million | +9.54% |
| 2012-12-31 | $601.04 Million | +8.16% |
| 2011-12-31 | $555.70 Million | +46.05% |
| 2010-12-31 | $380.48 Million | +58.17% |
| 2009-12-31 | $240.55 Million | -1.73% |
| 2008-12-31 | $244.78 Million | -5.46% |
| 2007-12-31 | $258.93 Million | +15.36% |
| 2006-12-31 | $224.46 Million | +261.59% |
| 2005-12-31 | $62.08 Million | -50.89% |
| 2004-12-31 | $126.41 Million | +56.98% |
| 2003-12-31 | $80.53 Million | +65.37% |
| 2002-12-31 | $48.69 Million | +46.27% |
| 2001-12-31 | $33.29 Million | -60.70% |
| 2000-12-31 | $84.71 Million | +12.17% |
| 1999-12-31 | $75.52 Million | +2396.80% |
| 1998-12-31 | $3.02 Million | -98.75% |
| 1997-12-31 | $242.73 Million | +3002.14% |
| 1996-12-31 | $7.82 Million | -96.07% |
| 1995-12-31 | $199.07 Million | +82.16% |
| 1994-12-31 | $109.28 Million | +80.50% |
| 1993-12-31 | $60.54 Million | +68.64% |
| 1992-12-31 | $35.90 Million | -1.51% |
| 1991-12-31 | $36.45 Million | +21.14% |
| 1990-12-31 | $30.09 Million | +39.97% |
| 1989-12-31 | $21.50 Million | +184.99% |
| 1988-12-31 | $7.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Resolute Mining Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 27800612986.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $882.73 Million | 164.15% |
| Total Equity | $537.76 Million | 100.00% |
Resolute Mining Limited Competitors by Market Cap
The table below lists competitors of Resolute Mining Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Graphite India Limited
NSE:GRAPHITE
|
$480.26 Million |
|
Zhuhai Port Co Ltd
SHE:000507
|
$480.31 Million |
|
PTMYF
PINK:PTMYF
|
$480.43 Million |
|
Fancl Corporation
OTCGREY:FACYF
|
$480.67 Million |
|
Ircon International Limited
NSE:IRCON
|
$479.92 Million |
|
Leon Technology Co Ltd
SHE:300603
|
$479.91 Million |
|
Iat Automobile Technology Co Ltd
SHE:300825
|
$479.80 Million |
|
Rigel Pharmaceuticals Inc
NASDAQ:RIGL
|
$479.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Resolute Mining Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 590,146,000 to 537,765,000, a change of -52,381,000 (-8.9%).
- Net loss of 28,298,000 reduced equity.
- Dividend payments of 6,942,000 reduced retained earnings.
- Other comprehensive income increased equity by 40,727,076.
- Other factors decreased equity by 57,868,076.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-28.30 Million | -5.26% |
| Dividends Paid | $6.94 Million | -1.29% |
| Other Comprehensive Income | $40.73 Million | +7.57% |
| Other Changes | $-57.87 Million | -10.76% |
| Total Change | $- | -8.88% |
Book Value vs Market Value Analysis
This analysis compares Resolute Mining Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 27.40x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | $0.01 | $0.25 | x |
| 1989-12-31 | $0.03 | $0.25 | x |
| 1990-12-31 | $0.04 | $0.25 | x |
| 1991-12-31 | $0.04 | $0.25 | x |
| 1992-12-31 | $0.04 | $0.25 | x |
| 1993-12-31 | $0.07 | $0.25 | x |
| 1994-12-31 | $0.12 | $0.25 | x |
| 1995-12-31 | $0.23 | $0.25 | x |
| 1996-12-31 | $0.33 | $0.25 | x |
| 1997-12-31 | $0.29 | $0.25 | x |
| 1998-12-31 | $0.25 | $0.25 | x |
| 1999-12-31 | $0.09 | $0.25 | x |
| 2000-12-31 | $0.10 | $0.25 | x |
| 2001-12-31 | $0.04 | $0.25 | x |
| 2002-12-31 | $0.06 | $0.25 | x |
| 2003-12-31 | $0.10 | $0.25 | x |
| 2004-12-31 | $0.15 | $0.25 | x |
| 2005-12-31 | $0.07 | $0.25 | x |
| 2006-12-31 | $0.27 | $0.25 | x |
| 2007-12-31 | $0.31 | $0.25 | x |
| 2008-12-31 | $0.30 | $0.25 | x |
| 2009-12-31 | $0.31 | $0.25 | x |
| 2010-12-31 | $0.50 | $0.25 | x |
| 2011-12-31 | $0.71 | $0.25 | x |
| 2012-12-31 | $0.74 | $0.25 | x |
| 2013-12-31 | $0.81 | $0.25 | x |
| 2014-12-31 | $0.23 | $0.25 | x |
| 2015-12-31 | $0.36 | $0.25 | x |
| 2016-12-31 | $0.62 | $0.25 | x |
| 2017-12-31 | $0.63 | $0.25 | x |
| 2018-12-31 | $0.84 | $0.25 | x |
| 2019-12-31 | $0.67 | $0.25 | x |
| 2020-12-31 | $0.76 | $0.25 | x |
| 2021-12-31 | $0.40 | $0.25 | x |
| 2022-12-31 | $0.45 | $0.25 | x |
| 2023-12-31 | $0.28 | $0.25 | x |
| 2024-12-31 | $0.25 | $0.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Resolute Mining Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.53%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.52x
- Recent ROE (-5.26%) is below the historical average (-3.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | -2.50% | -5.70% | 0.17x | 2.63x | $-943.07K |
| 1989 | 37.66% | 37.97% | 0.75x | 1.31x | $5.95 Million |
| 1990 | 36.33% | 40.18% | 0.81x | 1.11x | $7.92 Million |
| 1991 | 29.71% | 17.65% | 1.20x | 1.40x | $7.19 Million |
| 1992 | 29.19% | 19.04% | 1.04x | 1.48x | $6.89 Million |
| 1993 | 20.42% | 18.20% | 0.79x | 1.42x | $6.31 Million |
| 1994 | 7.70% | 14.58% | 0.37x | 1.44x | $-2.35 Million |
| 1995 | 13.80% | 21.42% | 0.48x | 1.34x | $7.28 Million |
| 1996 | -6.87% | -12.65% | 1.67x | 0.32x | $-46.30 Million |
| 1997 | 5.28% | 8.59% | 0.37x | 1.67x | $-11.37 Million |
| 1998 | -42.26% | -36.19% | 10.00x | 0.12x | $-107.47 Million |
| 1999 | -148.44% | -99.84% | 0.70x | 2.11x | $-118.48 Million |
| 2000 | 14.34% | 11.76% | 0.80x | 1.52x | $3.64 Million |
| 2001 | 23.80% | 11.61% | 1.06x | 1.94x | $4.52 Million |
| 2002 | 21.55% | 14.07% | 0.86x | 1.79x | $5.52 Million |
| 2003 | 28.06% | 26.98% | 0.54x | 1.92x | $14.35 Million |
| 2004 | 7.75% | 7.92% | 0.61x | 1.61x | $-2.83 Million |
| 2005 | -103.99% | -39.83% | 0.65x | 4.04x | $-62.98 Million |
| 2006 | 64.90% | 91.84% | 0.45x | 1.57x | $122.09 Million |
| 2007 | -16.73% | -20.00% | 0.42x | 2.01x | $-68.53 Million |
| 2008 | 10.11% | 9.31% | 0.52x | 2.11x | $278.75K |
| 2009 | -12.36% | -9.44% | 0.64x | 2.04x | $-57.16 Million |
| 2010 | 15.34% | 12.90% | 0.80x | 1.49x | $22.22 Million |
| 2011 | 18.24% | 18.22% | 0.87x | 1.15x | $48.58 Million |
| 2012 | 12.61% | 13.72% | 0.68x | 1.34x | $16.03 Million |
| 2013 | 4.68% | 6.32% | 0.56x | 1.33x | $-35.71 Million |
| 2014 | -207.07% | -109.47% | 1.11x | 1.71x | $-404.14 Million |
| 2015 | 43.38% | 31.00% | 1.10x | 1.27x | $98.81 Million |
| 2016 | 20.45% | 25.20% | 0.65x | 1.26x | $53.56 Million |
| 2017 | 9.16% | 14.72% | 0.48x | 1.31x | $-4.43 Million |
| 2018 | -0.98% | -1.56% | 0.40x | 1.58x | $-77.99 Million |
| 2019 | -11.17% | -14.90% | 0.33x | 2.27x | $-129.82 Million |
| 2020 | 1.91% | 2.64% | 0.42x | 1.71x | $-67.63 Million |
| 2021 | -64.40% | -58.12% | 0.56x | 1.99x | $-368.77 Million |
| 2022 | -6.38% | -5.32% | 0.75x | 1.60x | $-89.01 Million |
| 2023 | 11.11% | 10.39% | 0.74x | 1.45x | $6.56 Million |
| 2024 | -5.26% | -3.53% | 0.98x | 1.52x | $-82.07 Million |
Industry Comparison
This section compares Resolute Mining Limited's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Resolute Mining Limited (RMGGF) | $890.63 Million | -2.50% | 0.83x | $480.15 Million |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |