New Murchison Gold
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New Murchison Gold (NMG) investor relations material

New Murchison Gold Q2 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 TU earnings summary26 Jan, 2026

Executive summary

  • Achieved first full quarter of production at Crown Prince Gold Mine, with a smooth operational ramp-up and strong cash generation of $72.3 million, supporting future development and exploration initiatives.

  • Mining focused on integrating stage 1 and stage 2 pits at Crown Prince, with high-grade ore accessed early and ancillary works completed.

  • Sold 187,384 tonnes of ore, exceeding the maximum under the Ore Purchase Agreement, leveraging strong gold prices and operational flexibility.

Financial highlights

  • Generated $72.3 million in cash during the quarter, ending with $92 million in cash and no debt.

  • Attributable gold bullion price received was A$6,315/oz, with an all-in sustaining cost (AISC) of A$2,149/oz.

  • Receipts from customers totaled $111.4 million; net cash from operating activities was $75.5 million.

Outlook and guidance

  • Exploration focus shifting to underground potential at Crown Prince and advancing near-term open pit projects, including Lydia and Abbotts.

  • Ongoing drilling at Lydia Gold Prospect has returned high-grade results, supporting its potential as a near-term production addition.

  • Mineral Resource update planned for the first quarter of CY2026, subject to drilling progress.

Impact of blending low-grade ore on mine life?
Future OPA margin impact on AISC and cash?
Lydia's potential as near-term production source
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H1 202621 May, 2026
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