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RMGGF - Resolute Mining: Digging Into The Q2 Results
Resolute Mining Ltd.
We've finally begun the Q2 earnings season for the Gold Miners Index (GDX), and it's been a mixed start as some companies have had to undergo closures while others have seen minimal disruptions. Resolute Mining (RMGGF) is one of the companies that's been fortunate to see no real headwind from the COVID-19-related closures, allowing the company to report a solid quarter with 107,000 ounces of gold production. However, while it's been a strong first half for operations, this has been overshadowed by a significant issuance of shares and a 17% dilution to shareholders