S&P/ASX 300 Index (ASX: XKO) gold stock Resolute Mining Ltd (ASX: RSG) is getting smashed today.
Resolute Mining shares closed yesterday trading for 88 cents. In morning trade on Wednesday, shares are swapping hands for 79.5 cents apiece, down 9.5%.
For some context, the ASX 300 is down 0.2% at this same time. Or, in a better comparison of golden apples to golden apples, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is down 4.3%, with the gold price down 1.8% overnight to US$3,932 per ounce.
Taking a step back, shares in the ASX 300 gold stock remain up an impressive 98.8% since 2 January.
Here's what the miner reported today.
ASX 300 gold stock tumbles on Mali operations update
In a market update this morning, Resolute Mining addressed media articles about the political turmoil in Mali and the potential impact on the miner's Syama Mine, located in the south of Mali.
The ASX 300 gold stock said that Syama "continues to operate normally with minimal disruption".
Resolute noted that it is addressing supply chain challenges, primarily hampering the delivery of fuel and explosives, by diversifying its supplier base and logistics routes.
The miner added that the situation in Mali does continue to be unpredictable. However, its permits for the Syama operation and exploration activities were said to "remain in good standing".
What did management say?
The ASX 300 gold stock released its September quarter update on 28 October.
Addressing the political upheaval impacting its mining operation in Mali on the day, Resolute Mining CEO Chris Eger said:
In Mali we have made key management changes at both Syama and in Bamako. Our new COO, Gavin Harris, has spent considerable time on site at Syama leading operational initiatives which are already delivering value.
Earlier this month, I was in Mali to meet the Prime Minister and Minister of Mines to help establish a stronger line of communication and to discuss the supply chain challenges facing the industry which have continued to impact performance at Syama.
Eger noted that the project remains on schedule and within budget.
"We have made considerable progress on the Syama Sulphide Conversion Project which remains on budget and on track for commissioning in mid-2026," he said.
Nonetheless, the ongoing crisis in the African nation saw the ASX 300 gold stock cut its full-year production guidance at Syama to 177,000 ounces to 183,000 ounces, down from prior guidance of 195,000 ounces to 210,000 ounces of gold.
"At Syama we continued to experience supply chain issues which have had a meaningful impact on gold production so far in 2025," Eger said.
"While we are cautiously optimistic that we are addressing these issues, at this stage the situation in Mali continues to be unpredictable," he concluded.
