# Resolute Mining Ltd 62.5% potential upside indicated by Berenberg Bank

- Link: https://www.directorstalkinterviews.com/resolute-mining-ltd-62.5-potential-upside-indicated-by-berenberg-bank/4121142952
- Published: 2024-02-16T11:16:00+00:00
- Author: Charlotte Edwards

**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.

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