The frequency resolution of an active waveguide ring resonator spectrometer is fundamentally limited by spontaneous emission noise produced by the gain medium. A closed-form expression for this resolution is derived, and the result is used to determine the minimum, rms, angular rotation rate, random walk error achievable by an active ring resonator gyroscope. An active waveguide ring resonator is demonstrated in a neodymium-doped glass, and a finesse of 250 at a signal wavelength of 1060 nm is achieved for the 1.6 cm diameter ring under laser diode pumping. This finesse corresponds to an effective propagation loss on the order of 0.013 dB/cm, which is the lowest value reported to date for rings of this size.