Emerald Resources Posts Higher Fiscal H1 Earnings as Revenue Rises

MT Newswires Live
26 Feb

Emerald Resources (ASX:EMR) reported Wednesday that its earnings per diluted share in the fiscal first half rose to AU$0.09, from AU$0.0704 per diluted share a year earlier.

Revenue from ordinary activities for the six months ended Dec. 31, 2024, was AU$239.7 million, up 36% from AU$176.7 million in the same period last year.

The mining, development, and exploration company expects fiscal year 2026 gold production at its Okavu gold mine to be in the range of 110,000 ounces to 125,000 ounces at an all-in-sustaining cost (AISC) of $966 per ounce.

March quarter production at the mine is expected to be in the range of 25,000 ounces to 30,000 ounces per quarter, and AISC is expected between $1,100/oz to $1,200 per ounce.

Production at the mine for the June quarter is expected to be in the range of 25,000 ounces to 30,000 ounces per quarter at an AISC between $900/oz to $1,000 per ounce.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10