Much to the delight of its shareholders, the Resolute Mining Limited (ASX: RSG) share price has been one of the biggest movers on the market in the last month.
During this time the gold miner's shares have gained 15% compared to a 0.5% decline by the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO).
Why have its shares climbed higher?
Last week Resolute released a solid full-year result which revealed a net profit after tax of $166 million. Whilst this was lower than a year earlier, profit before tax from its continuing operations increased a solid 6.5%.
This was driven by increased production, a lower all-in sustaining cost, and a higher average price realised per ounce of gold.
But the biggest catalyst for its share price gain in the last month has been rising tensions in North Korea.
This has taken the spot gold price significantly higher, helping the shares of Resolute, Newcrest Mining Limited (ASX: NCM), and Northern Star Resources Ltd (ASX: NST) post strong gains.
